As they promised to open up “unparalleled” business opportunities, Indian Prime Minister Narendra Modi informed his British counterpart Keir Starmer on Thursday that “significant progress” had been made in their relationship.
With a 125-member team, Starmer is making his maiden trip to India as premier following the two nations’ July trade agreement signing in London.
Under the agreement, Britain would lower tariffs on apparel, footwear, and food items, including frozen prawns from India, while India will lower taxes on imports of British goods including cosmetics and medical equipment.
“This agreement will reduce import costs between our two countries, create new employment opportunities for youth, boost trade, and benefit both our industry and consumers,” Modi stated.
