Prime Minister Calls Operationalisation of India-UK Trade Agreement a Landmark Moment in Bilateral Relations
New Delhi (Economy India): Prime Minister Narendra Modi on Wednesday welcomed the operationalisation of the India–United Kingdom Comprehensive Economic and Trade Agreement (CETA) and the Agreement on Social Security, describing them as a historic milestone that will deepen economic cooperation and create new opportunities for businesses and citizens in both countries.
The Prime Minister said the landmark trade pact would provide fresh momentum to farmers, entrepreneurs, startups, and micro, small and medium enterprises (MSMEs) while expanding India’s access to the UK market.
Landmark in India-UK Economic Partnership
In his remarks, Modi said the implementation of the CETA marks a significant chapter in India-UK bilateral relations and reflects the shared commitment of both nations to strengthen trade, investment, innovation, and economic growth.
According to the Prime Minister, the agreement will transform the two countries’ shared ambitions into tangible economic opportunities.
Major Boost for Farmers and MSMEs
Highlighting the benefits of the agreement, Modi said the trade pact will open new avenues for:
- Indian farmers and agri-exporters
- MSMEs and manufacturing businesses
- Entrepreneurs and startups
- Textile and apparel exporters
- Engineering goods manufacturers
- Food processing companies
- Services sector enterprises
Improved market access is expected to enhance the competitiveness of Indian products in the UK and increase export opportunities across multiple sectors.
Stronger Market Access
The Prime Minister noted that several vibrant sectors of the Indian economy will gain stronger access to the British market under the agreement.
Lower trade barriers, simplified customs procedures, and improved business conditions are expected to encourage bilateral trade and attract greater investment between the two economies.
Social Security Agreement to Benefit Professionals
Along with CETA, the India-UK Agreement on Social Security is expected to provide relief to Indian professionals working in the United Kingdom by addressing issues related to social security contributions and improving workforce mobility.
The agreement is seen as an important step in facilitating talent movement and strengthening people-to-people ties.
Strengthening India’s Global Trade Strategy
The operationalisation of the India-UK CETA aligns with India’s broader strategy of expanding its global trade network through high-quality free trade agreements.
The government expects the agreement to accelerate exports, generate employment, strengthen manufacturing, and support India’s ambition of becoming a leading global trading economy.
(Economy India)
