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India’s Commerce and Industry Minister Piyush Goyal and UK Secretary of State for Business and Trade Peter Kyle met in Mumbai to advance the India–UK trade and investment partnership.
The bilateral meeting marked a pivotal step toward operationalising the India–UK Comprehensive Economic and Trade Agreement (CETA), with both leaders agreeing to reposition the Joint Economic and Trade Committee (JETCO) to oversee its implementation and delivery.
Both sides reaffirmed their commitment to swift, coordinated and results-driven execution of the Agreement, aiming to unlock its full potential for businesses and consumers across both nations.
Doubling trade by 2030
The Ministers reiterated their shared ambition to double bilateral trade by 2030, leveraging synergies in advanced manufacturing, digital trade, clean energy, and services.
They emphasised CETA’s transformative scope and discussed strategies to maximise its impact through regulatory cooperation, removal of non-tariff barriers, and deeper supply chain integration.
Global outlook and economic resilience
Goyal and Kyle exchanged views on the global trade landscape, underscoring the need for resilient and diversified supply chains amid ongoing uncertainties.
Minister Goyal highlighted India’s rise as a global growth engine, while Secretary Kyle described the UK’s deal with India as its most ambitious yet—positioning British businesses to tap into India’s vast market and drive domestic growth, jobs, and prosperity.
Sectoral engagement and CEO forum
Parallel meetings were held at the level of the Commerce Secretary and Director General, alongside sectoral roundtables focused on priority areas including Advanced Manufacturing, Consumer Goods, Food & Beverages, Science & Innovation, Infrastructure & Clean Energy, and Financial & Professional Services (including IT/ITeS, education, and engineering).
The India–UK CEO Forum convened top business leaders from both countries to explore new avenues for trade, investment, and innovation. Co-chaired by industry representatives, the Forum is set to play a key role in deepening bilateral economic ties and fostering cross-sectoral partnerships.
Co-chaired by industry representatives from India and the United Kingdom, the Forum aims to serve as a key platform to deepen bilateral economic cooperation and strengthen partnerships across sectors.
The bilateral meeting marked a pivotal step toward operationalising the India–UK Comprehensive Economic and Trade Agreement (CETA), with both leaders agreeing to reposition the Joint Economic and Trade Committee (JETCO) to oversee its implementation and delivery.
Both sides reaffirmed their commitment to swift, coordinated and results-driven execution of the Agreement, aiming to unlock its full potential for businesses and consumers across both nations.
Doubling trade by 2030
The Ministers reiterated their shared ambition to double bilateral trade by 2030, leveraging synergies in advanced manufacturing, digital trade, clean energy, and services.
They emphasised CETA’s transformative scope and discussed strategies to maximise its impact through regulatory cooperation, removal of non-tariff barriers, and deeper supply chain integration.
Global outlook and economic resilience
Goyal and Kyle exchanged views on the global trade landscape, underscoring the need for resilient and diversified supply chains amid ongoing uncertainties.
Minister Goyal highlighted India’s rise as a global growth engine, while Secretary Kyle described the UK’s deal with India as its most ambitious yet—positioning British businesses to tap into India’s vast market and drive domestic growth, jobs, and prosperity.
Sectoral engagement and CEO forum
Parallel meetings were held at the level of the Commerce Secretary and Director General, alongside sectoral roundtables focused on priority areas including Advanced Manufacturing, Consumer Goods, Food & Beverages, Science & Innovation, Infrastructure & Clean Energy, and Financial & Professional Services (including IT/ITeS, education, and engineering).
The India–UK CEO Forum convened top business leaders from both countries to explore new avenues for trade, investment, and innovation. Co-chaired by industry representatives, the Forum is set to play a key role in deepening bilateral economic ties and fostering cross-sectoral partnerships.
Co-chaired by industry representatives from India and the United Kingdom, the Forum aims to serve as a key platform to deepen bilateral economic cooperation and strengthen partnerships across sectors.
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