The British Prime Minister Kir Stmper has made a big statement regarding the Free Trade Agreement (FTA) between India-Bitten. The Kir Stmper on Thursday described the agreement as the largest and economically the most important trade agreement by the country after exiting the European Union (EU). He said that the India-Britain FTA will improve the standard of living and more money will come in the pocket of the working class.
‘Indian goods prices will decrease in Britain’
While giving a press statement with Prime Minister Narendra Modi in London on Thursday, the Kir Stmper said the FTA agreement is good for the British workers working in the state -of -the -art manufacturing, whiskey distillers across Scotland and the service sector in London, Manchester and Leeds, as it would reduce Indian goods prices in the UK.
‘Salary will increase, standard of living will improve’
He said, ‘This is an agreement that will be beneficial for both our countries, will increase salary, improve standard of living and more money will come in the pockets of workers. It is good for jobs. It is good for business, will cut tariffs, make business cheaper and easier. It is good for British workers engaged in state -of -the -art manufacturing, whiskey distillers across Scotland and service sector in London, Manchester and Leeds. It is also good for consumers, as it will reduce the prices of Indian items like clothes, shoes and food in the United Kingdom and will provide long -term benefits. ‘
‘One of the most comprehensive agreements ever’
He further said, ‘This will benefit about 4.8 billion pounds every year in Britain’s economy, 2.2 billion pounds in salary and millions of pounds to various regions and countries of Britain. We both know that this is Britain’s largest and economically most important trade agreement since leaving the European Union and I can say that it is one of the most comprehensive agreements made by India so far. I want to thank all those who have worked so hard to fulfill this agreement.
‘We have entered a new global era’
Keer stormer said, ‘As I said earlier and as we have entered a new global era and we need to come forward, not to stand separate. We need to work for the British people by making deep partnerships and today this approach has been confirmed.
‘UK is opening for trade’
He said that the FTA with India gives a strong message that the UK is opening for trade and is already causing huge confidence. He said, ‘Britain had been talking about such an agreement for many years, but it is the government that has executed it and at the same time we are giving a very powerful message that Britain is opening for trade and is already causing huge trust. Today we are announcing investments and exports of about six billion pounds between India and the United Kingdom, making 2,200 jobs for British workers.
‘India-UK Vision 2035 Strategy also started’
The stormer also announced that the two countries are also starting the Indo-UK Vision 2035 strategy, which has been resolved to work more closely in areas such as defense, climate change, education and health.
‘The boundaries of cooperation are not limited here’
He said, ‘As we discussed this morning, the boundaries of our cooperation with India are not limited here. We have unique bonds of history, family and culture among us and we want to further strengthen our relationships so that they are even more ambitious, modern and long -term. In the autumn of last year, we discussed further strengthening the relationship and that is why along with this trade agreement, I am happy that we are strengthening our partnership by launching the Indo-UK Vision 2035 strategy. They are resolving to work even more closely in areas like defense, climate change, education and health.
‘Will take maximum benefit of opportunities’
He said, “We will carry forward the excellent work already being done in the field of technology and innovation, will celebrate a anniversary of historical technology security initiative and take maximum benefit of the opportunities arising from it for the two countries.”
India will have the biggest benefit in export sector
According to reports, India will benefit the most in the field of exports. India’s exports may increase by 10 to 12 billion dollars in the next few years after the agreement is implemented. This means additional business benefits of about 86 thousand crores to 1.1 lakh crore rupees. This will also strengthen the Indian manufacturing and service sector.
PM Modi appreciated the agreement
Prime Minister Narendra Modi, who visited a UK tour, said that today is a historic day in India and Britain relations. He said that after years of hard work, the two countries have signed the agreement. This agreement will give a new direction to trade, investment and strategic cooperation. Prime Minister Modi said that this agreement will improve the standard of living of citizens of both countries and will accelerate economic development.
Indian companies will get a big market in Britain
Tariffs on several products under FTA will be reduced or completely removed. This will give Indian companies a chance to strengthen their hold in the UK market. Especially textile, pharma, auto parts and IT sectors can get direct benefit from this agreement. This will also promote employment generation in India.
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Britain will get cheap product and investment opportunity
British companies will benefit from low cost construction and services in India. At the same time, keeping in mind the rapidly growing consumer demand in India, Britain companies will be able to enter new markets. This will improve the balance and investment flow between the two countries
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This agreement will write a new chapter in relations
Keer stormer also said that this agreement is not just business, but a new beginning in India-Britain relations. He described the meeting with Prime Minister Modi as an ‘strategic turn’ and said that this would make the partnership of the two countries deeper. If this agreement is passed soon, it can become a strong basis for India-Britain economic relations in the coming years.
