How Are India and the UK Advancing CETA to Double Trade by 2030?
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Synopsis
In a significant move to strengthen trade ties, India's Commerce Minister Piyush Goyal and UK Secretary of State Peter Kyle met to discuss the operationalization of the India-UK CETA. With a goal to double bilateral trade by 2030, this meeting showcased the commitment of both nations to enhance economic partnerships through innovation and investment.
Key Takeaways
- India and UK are committed to operationalizing CETA.
- Goal to double bilateral trade by 2030.
- Focus on advanced manufacturing and innovation.
- Eli Lilly's $1 billion investment highlights India's manufacturing potential.
- Strengthening ties through the Joint Economic and Trade Committee.
Mumbai, Oct 8 (NationPress) Commerce and Industry Minister Piyush Goyal convened with Peter Kyle, the UK’s Secretary of State for Business and Trade, on Wednesday to discuss the advancement of the India-UK Comprehensive Economic and Trade Agreement (CETA) and the goal to double bilateral trade by 2030.
Kyle is in India as part of a significant trade delegation accompanying UK Prime Minister Keir Starmer during his two-day official visit.
According to a ministry statement, this meeting signifies a pivotal movement towards actualizing the India-UK CETA, with both ministers deciding to reposition the Joint Economic and Trade Committee (JETCO) to supervise its execution and success.
In a post on X, Goyal expressed his pleasure in meeting with Kyle, reiterating their shared commitment to enhance the India-UK economic partnership.
“Our talks concentrated on expediting the implementation of this landmark trade agreement and reaping its benefits through the India-UK JETCO. We are determined to transform ambition into tangible results, fostering growth, creating jobs, and strengthening our bilateral relations,” the minister emphasized.
Goyal also co-moderated a dynamic session on advanced manufacturing, a fundamental aspect of the India-UK collaboration.
“From AI to aerospace, automotive to semiconductors, we are bringing the India-UK FTA to life. Two innovative economies, one united future,” Goyal stated.
He further remarked that the promising future of India-UK relations is underscored by the largest business delegation from the UK joining him on this visit.
He welcomed Eli Lilly’s $1 billion investment in India to enhance its manufacturing capabilities.
“This reinforces our nation’s status as a global hub for innovation, R&D, manufacturing, and healthcare solutions. Under PM Modi’s guidance, India has made significant strides in improving the Ease of Doing Business and establishing global confidence in its quality ecosystem, making it a top choice for investment,” Goyal noted.
Point of View
It is essential to recognize the strategic importance of the India-UK relationship. This meeting not only reflects a commitment to economic growth but also fosters innovation and job creation. The focus on operationalizing CETA is a testament to both nations' dedication to building a sustainable future together.
NationPress
09/10/2025
Frequently Asked Questions
What is CETA?
CETA stands for the Comprehensive Economic and Trade Agreement between India and the UK aimed at enhancing trade relations and economic cooperation.
What was discussed in the meeting?
The meeting focused on the operationalization of CETA and strategies to double bilateral trade by 2030.
Who attended the meeting?
Commerce and Industry Minister Piyush Goyal and UK Secretary of State for Business and Trade Peter Kyle were the key attendees.
What is the significance of the meeting?
It marks a significant step towards enhancing economic ties and implementing the CETA, which is crucial for both nations' growth.
What investments were highlighted?
Eli Lilly's $1 billion investment in India to expand manufacturing capacity was a key highlight in the discussions.
