India and the United Kingdom (UK) have agreed to expedite their negotiations on a Free Trade Agreement (FTA). During a meeting at the G-20 summit, Indian Prime Minister Narendra Modi and his British counterpart Rishi Sunak expressed their commitment to working towards an agreement in a swift manner. The leaders reviewed the progress made so far and expressed optimism that the remaining issues could be addressed soon, leading to a mutually beneficial FTA.
Both Prime Ministers appreciated the growing bilateral ties between India and the UK, which are rooted in shared values and the connection between the people of the two nations. They emphasized the need to build on the past and focus on the future, particularly in areas like cutting-edge defense technology, trade, and innovation. Mr. Sunak reiterated the UK’s ambition to deliver a landmark trade deal that benefits businesses and workers in both countries, promoting trade in goods and services.
Prime Minister Modi also thanked the UK for its support during India’s G-20 Presidency. He highlighted Italy’s support for India’s G-20 Presidency and welcomed Italy’s participation in the Global Biofuel Alliance and the India-Middle East-Europe Economic Corridor. During a bilateral meeting with Italian Prime Minister Giorgia Meloni, both leaders discussed ways to deepen trade linkages and boost investment.
In addition to the India-UK negotiations, the UK has also signed a strategic partnership agreement with Singapore during the G-20 summit. The agreement aims to enhance shared security and grow the UK’s economy by harnessing expertise in new technologies such as cyber security and Artificial Intelligence.
Overall, the discussions at the G-20 summit have emphasized the significance of strong bilateral relations and the need for cooperation among G7 and G20 nations for the greater global good. The leaders have shown optimism about the progress made in various areas of partnership and expressed their commitment to further enhancing cooperation.
Frequently Asked Questions (FAQs) Related to the Above News
What was agreed upon between India and the UK during the G-20 summit?
India and the United Kingdom agreed to expedite their negotiations on a Free Trade Agreement (FTA) and expressed their commitment to working towards an agreement in a swift manner.
What areas did the leaders emphasize for future cooperation?
The leaders emphasized the need to focus on areas like cutting-edge defense technology, trade, and innovation, in order to build on the past and foster further bilateral ties.
What did the UK Prime Minister emphasize regarding the trade deal?
The UK Prime Minister reiterated the UK's ambition to deliver a landmark trade deal that benefits businesses and workers in both countries, promoting trade in goods and services.
Who thanked the UK for its support during India's G-20 Presidency?
Prime Minister Modi of India thanked the UK for its support during India's G-20 Presidency.
What did Prime Minister Modi and Italian Prime Minister Giorgia Meloni discuss during their meeting?
During their bilateral meeting, Prime Minister Modi and Italian Prime Minister Giorgia Meloni discussed ways to deepen trade linkages and boost investment.
Apart from India, which other country did the UK sign a strategic partnership agreement with during the G-20 summit?
The UK also signed a strategic partnership agreement with Singapore during the G-20 summit.
What is the aim of the strategic partnership agreement between the UK and Singapore?
The strategic partnership agreement aims to enhance shared security and grow the UK's economy by harnessing expertise in new technologies such as cyber security and Artificial Intelligence.
What was the overall focus of the G-20 summit discussions?
The discussions at the G-20 summit emphasized the significance of strong bilateral relations and the need for cooperation among G7 and G20 nations for the greater global good.
What was the leaders' perspective on the progress made in various areas of partnership?
The leaders expressed optimism about the progress made in various areas of partnership and reiterated their commitment to further enhancing cooperation.
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