Prime Minister Narendra Modi spoke to his British counterpart Rishi Sunak on Thursday, the place the 2 leaders agreed on the significance of a “complete and balanced” free commerce settlement (FTA) between the 2 nations.
Within the first dialog between the leaders since Sunak took cost as Prime Minister on Tuesday, the latter mentioned he’s enthusiastic about “what our two nice democracies can obtain” when it comes to their safety, defence and financial partnership.
Glad to talk to @RishiSunak at the moment. Congratulated him on assuming cost as UK PM. We’ll work collectively to additional strengthen our Complete Strategic Partnership. We additionally agreed on the significance of early conclusion of a complete and balanced FTA.
— Narendra Modi (@narendramodi) October 27, 2022
In January, India and Britain had commenced negotiations for a FTA with a deadline the conclude by Diwali. Nonetheless, the deadline was missed due an absence of consensus on points.
Thanks Prime Minister @NarendraModi in your variety phrases as I get began in my new function.
The UK and India share a lot. I’m enthusiastic about what our two nice democracies can obtain as we deepen our safety, defence and financial partnership within the months & years forward. pic.twitter.com/Ly60ezbDPg
— Rishi Sunak (@RishiSunak) October 27, 2022
Because the Chancellor of the Exchequer, Sunak had expressed assist for the FTA, which he mentioned offered monumental alternatives for the fintech and insurance coverage sectors.
With inputs from PTI