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 >
Weekly Crude Inventories Drop; Oil Jumps Amid Uncertainty Over Ukraine Peace Deal
Weekly Crude Inventories Drop; Oil Jumps Amid Uncertainty Over Ukraine Peace Deal
Aug 20, 2025
02:27 PM EDT, 08/20/2025 (MT Newswires) -- Commercial crude stockpiles in the US declined more than expected last week as motor gasoline inventories shrank, government data showed Wednesday. Inventories of crude, excluding the strategic petroleum reserve, fell by 6 million barrels to 420.7 million barrels through the week ended Friday, the Energy Information Administration said. The consensus was for a...
Federal Reserve Watch for Aug. 20: FOMC Minutes Indicate Divisions Among Participants Despite Majority Call for Patience
Federal Reserve Watch for Aug. 20: FOMC Minutes Indicate Divisions Among Participants Despite Majority Call for Patience
Aug 20, 2025
02:50 PM EDT, 08/20/2025 (MT Newswires) -- The minutes of the July 29-30 Federal Open Market Committee meeting showed divisions forming between those that see inflation as the greater concern, those that see risks higher for employment growth and those that see a balance. While most agreed that monetary policy was well positioned to wait a little longer to gain...
Most Fed Officials Saw Inflation Risks Outweighing Employment Concerns, July Meeting Minutes Show
Most Fed Officials Saw Inflation Risks Outweighing Employment Concerns, July Meeting Minutes Show
Aug 20, 2025
03:37 PM EDT, 08/20/2025 (MT Newswires) -- Most of Federal Reserve officials saw potential inflation pressures outweighing risks to the labor market, while policymakers indicated that it would take time to gain more clarity on the exact impact of tariffs on prices, minutes of the central bank's July 29-30 meeting showed Wednesday. At the meeting, the Federal Open Market Committee...
Fed Just Poured Cold Water On Rate Cut Hopes–And Tariffs Are To Blame
Fed Just Poured Cold Water On Rate Cut Hopes–And Tariffs Are To Blame
Aug 20, 2025
The Federal Reserve indicated that inflation risks remain considerable due to the uncertain impact of new trade tariffs, casting fresh doubt over imminent interest rate cuts, according to the July Federal Open Market Committee minutes released Wednesday. SLV ETF is moving fast. Check live prices here. Despite signs of a labor market slowdown, a majority of Fed officials voted to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved