Last Updated:
PM Modi’s visit to the UK is significant as he would sign the India-UK Free Trade Agreement. His onward journey to the Maldives comes as his first since the diplomatic tensions.
PM Modi to visit UK, Maldives next week (PTI Image)
Prime Minister Narendra Modi will visit the United Kingdom to sign the Free Trade Agreement and then make an onward journey to the Maldives from July, in key two-nation tour starting July 23 to 26.
His visits are aimed at boosting India’s bilateral and trade ties with the UK and repairing New Delhi’s strained relations with the Maldives.
The Prime Minister would begin his two-nation visit from the United Kingdom on July 23 and 24. He will sign the India-UK FTA in a landmark development in diplomatic ties between the two nations. The deal is expected to affect most of the Indian goods sold to the UK by lowering taxes on them. It will also make it easier for British products like whisky and cars to be sold in India.
Negotiations were on for three years between India and the UK, which focused on improving market access and making trade easier and better for both countries.
The India-UK free trade agreement is expected to significantly increase the variety of goods traded between the two nations. Both India and the UK aim to build a stronger economic partnership and boost overall cooperation by slashing trade restrictions.
More to follow…
Siddhant Mishra is a Senior Special Correspondent at CNN-News18, covering foreign affairs and international relations. With over 12 years of experience in journalism, he has also reported extensively on crime, …Read More
Siddhant Mishra is a Senior Special Correspondent at CNN-News18, covering foreign affairs and international relations. With over 12 years of experience in journalism, he has also reported extensively on crime, … Read More
view comments
- First Published:
Source link
[ad_3]
