Prime Minister Narendra Modi and UK Prime Minister Keir Starmer on Tuesday announced the successful conclusion of the India–UK Free Trade Agreement, along with the Double Contribution Convention.

The two leaders hailed the agreements as historic milestones in the Comprehensive Strategic Partnership between the two nations.

Emphasizing the potential for fostering innovation, job creation, and sustainable growth, they agreed that the FTA would significantly boost trade and investment flows between the world’s two major open-market economies.

PM Modi and Starmer noted that the agreement will not only strengthen economic linkages but also deepen people-to-people ties and create new avenues for collaboration.

The FTA, which covers trade in both goods and services, is expected to enhance bilateral trade volumes, generate employment, improve living standards, and elevate the overall well-being of citizens in both countries.

Starmer said that reducing trade barriers and building alliances with dynamic economies like India is a key part of the UK’s Plan for Change, aimed at delivering a stronger and more secure economic future.

Both leaders reaffirmed that deepening commercial and economic ties remains a cornerstone of the evolving and robust India-UK partnership. They expressed optimism that the agreement would unlock joint opportunities for developing products and services for global markets, setting the stage for a new chapter of shared prosperity.

PM Modi also extended an invitation to the British Prime Minister to visit India, with both leaders agreeing to stay in close touch as they advance their shared economic and strategic goals.