financetom
Economy
financetom
/
Economy
/
UK PM Boris Johnson expected to visit India towards month end
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
UK PM Boris Johnson expected to visit India towards month end
Apr 5, 2022 12:45 AM

British Prime Minister Boris Johnson is planning a visit to India towards the end of this month with a focus on strengthening bilateral ties against the backdrop of the ongoing India-UK Free Trade Agreement negotiations, according to official sources.

The visit, which is expected around April 22, is long overdue after Johnson was forced to cancel planned visits to India twice last year due to the COVID-19 pandemic.

While Downing Street is yet to confirm any details, an in-person meeting was discussed during a phone call between Johnson and Prime Minister Narendra Modi last month.

The leaders welcomed India and the UK's strong and prosperous relationship, and agreed to continue to build on trade, security and business ties in the coming weeks and months. They looked forward to meeting in-person at the earliest opportunity, a Downing Street spokesperson said in a readout of the call on March 22.

Last week, Downing Street sources told PTI that Johnson was very keen to visit India for talks with his Indian counterpart Modi, though firm plans are yet to be fully drawn up.

The two leaders last met in-person on the sidelines of the COP26 Climate Summit in Glasgow in November last year, when their bilateral talks during the World Leaders' Summit focused on the India-UK climate partnership as well as a review of the 2030 Roadmap which they had signed during a virtual summit in May 2021.

The Roadmap, which aims to at least double bilateral trade between India and the UK by 2030, is part of Britain's so-called Indo-Pacific foreign policy tilt.

A trade deal with India's booming economy offers huge benefits for British businesses, workers and consumers, Johnson said at the formal launch of Free Trade Agreement (FTA) talks earlier this year.

The UK has world-class businesses and expertise we can rightly be proud of, from Scotch whisky distillers to financial services and cutting-edge renewable technology.

"We are seizing the opportunities offered in growing economies of the Indo-Pacific to cement our place on the global stage and deliver jobs and growth at home," he said in January.

The conflict in Ukraine and the UK's leading role in imposing stringent sanctions against Russian President Vladimir Putin's regime is also likely to feature strongly during talks between Johnson and Modi.

It will follow UK Foreign Secretary Liz Truss' visit to Delhi last week, when she held talks with External Affairs Minister S Jaishankar and also joined him at the first India-UK Strategic Futures Forum.

On Ukraine, India reiterated that the immediate cessation of violence and return to dialogue and diplomacy is the key to long term peace in the region, the Ministry of External Affairs (MEA) said with reference to the ministerial talks.

Both sides appreciated the substantial progress made in the India-UK FTA negotiations with two productive rounds already completed since their launch in January 2022, it noted.

The third round of India-UK FTA talks, scheduled to be hosted by India later this month, is likely to be timed around the prime ministerial visit.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Trump's tax, spending plans would add twice as much debt as Harris', budget group says
Trump's tax, spending plans would add twice as much debt as Harris', budget group says
Oct 7, 2024
* Trump plans estimated to add $7.5 trillion to debt over 10 years * Harris plans would add $3.5 trillion in new debt based on 'central estimate' * Deficit estimates draw criticism from both Trump, Harris campaigns By David Lawder WASHINGTON, Oct 7 (Reuters) - Republican presidential candidate Donald Trump's tax and spending plans would produce more than twice as...
US money market funds draw sharp inflows in the week to Oct. 2
US money market funds draw sharp inflows in the week to Oct. 2
Oct 7, 2024
(Reuters) - U.S. money market funds saw massive inflows in the week to Oct. 2 as investors sought safer assets on caution ahead of a key payrolls report amid heightened geopolitical concerns in the Middle East. They acquired U.S. money market funds of a net $41.32 billion during the week following about $113.11 billion worth of net purchases in the...
Don't Bet On China's Economic Stimulus Yet As Yuan Faces Volatility Amid US Election, Jobs Data: Analysts
Don't Bet On China's Economic Stimulus Yet As Yuan Faces Volatility Amid US Election, Jobs Data: Analysts
Oct 7, 2024
China’s yuan is expected to experience fluctuations due to Beijing’s economic stimulus and pressures from the United States as its presidential election approaches on Nov. 5, analysts indicated. What Happened: The yuan could appreciate against the U.S. dollar if Beijing implements significant fiscal policy easing as part of its stimulus efforts, the South China Morning Post reported on Monday. This...
Germany's Manufacturing, Economic Engine Falters: Why US Investors Should Care
Germany's Manufacturing, Economic Engine Falters: Why US Investors Should Care
Oct 7, 2024
Germany is facing a sharp downturn in its manufacturing sector. What Happened: New orders for German manufacturing fell by 5.8% month-over-month in August, according to data from the German Destatis. This was a deeper-than-expected decline — much larger than the 2% drop forecasted by Bloomberg economists. Economists attributed the magnitude of the decline to a robust July marked by large...
Copyright 2023-2026 - www.financetom.com All Rights Reserved