After missed Diwali deadline, PM Modi, UK PM Rishi Sunak bid to revive FTA | India News

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After India and the UK missed the Diwali deadline for the free trade agreement under discussion, PM Narendra Modi and his counterpart Rishi Sunak in a meeting on Wednesday backed a trade deal which, according to the UK, has the potential to unlock investment and increase jobs in both the countries, and to expand their deep cultural links.
In a sign, however, that the agreement can be delayed further, Sunak said before the meeting in Bali that his approach to the FTA with India will be one “where we don’t sacrifice quality for speed. I want to take the time to get trade deals right,” he said, while reaffirming commitment to the deal.

The two leaders met on the sidelines of the G20 summit in Bali for what was their first bilateral meeting after Sunak took over last month as UK PM, sending many in India into raptures over his Indian ancestry. Sunak thanked Modi for the “overwhelming response” of the Indian people to his appointment as PM as they underlined the importance of the relationship, and of the “living bridge” between the two nations.
Modi also had bilateral meetings with many other leaders, including French President Emmanuel Macron, German Chancellor Olaf Scholz, Australian PM Anthony Albanese, Italian PM Giorgia Meloni and Singapore PM Lee Hsien Loong. In a working lunch meeting with the French President, talks focused on defence and civil nuclear cooperation and also efforts to improve trade. Both also exchanged views on the Ukraine situation.



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