India-UK Forge Ahead with Bold Free Trade Agreement at IGF London
Union Minister Piyush Goyal and UK Secretary Jonathan Reynolds jointly defended the India-UK Free Trade Agreement at IGF London. Addressing criticism, they emphasized the strategic and economic benefits, highlighting mutual gains in business mobility and bilateral cooperation. The forum catalyzed discussions on transformative global partnerships.
- Country:
- United Kingdom
At the India Global Forum London, Union Minister Piyush Goyal and UK Secretary Jonathan Reynolds made their first public appearance since sealing the India-UK Free Trade Agreement. Together, they countered critiques over national insurance exemptions for short-term Indian workers, advocating its balanced approach and bilateral advantages.
Goyal dismissed accusations of unfair benefits, stressing the agreement's role in fostering business mobility and fair taxation. Echoing this sentiment, Reynolds affirmed that British workers would not suffer detriments, instead highlighting the enhanced access to services and procurement.
Reynolds underscored the strategic collaboration between India and the UK, labeling India as crucial in addressing global challenges. Meanwhile, Goyal predicted substantial trade growth between the countries. India's potential was prominently featured at the summit, which hosted over a thousand participants in discussions across sectors like AI and healthtech.
(With inputs from agencies.)
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