India-UK: Jonathan Reynolds in Delhi to relaunch trade talks
India and the UK will restart free trade talks on Monday, nearly a year after negotiations were paused ahead of general elections in both countries. Jonathan Reynolds, the UK's business and trade secretary, is in Delhi, where he will meet his Indian counterpart Piyush Goyal to kick off the two-day discussions. Ahead of the meeting, Reynolds said, external it was a "no-brainer" to seek a trade deal with India, which was forecast to become the world's third-largest economy in a few years.
- The UK's decision to relaunch trade talks with India is a strategic move to strengthen economic ties and counterbalance the influence of other major trading partners, particularly the US.
- Will a successful free trade agreement between the UK and India serve as a model for similar agreements between India and other developed economies in Europe?