World News | David Lammy Hails UK-India Trade Deal as Gateway to Shared Prosperity
Get latest articles and stories on World at LatestLY. UK Foreign Secretary David Lammy has called the new UK-India trade agreement a gateway to shared prosperity, emphasising its economic potential and the deepening of strategic ties between both nations. He highlighted his early outreach to India and described the GBP 43 billion partnership as only the beginning.
London [UK], May 7 (ANI): UK Foreign Secretary David Lammy on Tuesday said that the landmark trade agreement between the United Kingdom and India marks a new era of bilateral cooperation, highlighting the economic and strategic importance of the deal.
Posting on X (formerly Twitter), Lammy stated, "I visited India in my first weeks as Foreign Secretary to drive growth with one of the fastest growing economies in the world. Today, with Jonathan Reynolds, Secretary of State for Department of Business and Trade, we've delivered a landmark trade deal. This is just the start of supercharging our GBP 43 billion trading relationship."
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Reflecting on his early outreach, Lammy added, "Rewind to when I became Foreign Secretary. I visited India in my first weeks in office. In March, I invited Minister Jaishankar to be my first guest at Chevening. And now today, we've made history together. Our landmark trade deal with India is a gateway to prosperity for both nations." He emphasised the scale of the economic opportunity, noting that the "GBP 43 billion trading partnership opens doors for British businesses, from Scottish distilleries, to Welsh manufacturers, connecting them to 1 billion Indian consumers." Lammy also highlighted the depth of the investment ties between the two countries, stating that the relationship "already supports 600,000 jobs across both economies." Looking to the future, he added, "This is just the floor, not the ceiling of our ambitions together."
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The announcement comes after UK Prime Minister Keir Starmer hailed the finalisation of the trade deal as a major achievement. Starmer called it a "landmark deal with far-reaching economic implications," stating that it would benefit "British businesses, workers, and consumers" while aligning with his government's "Plan for Change."
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Starmer also contrasted the deal's successful conclusion with the record of the previous government. "The Tories talked up a trade deal with India for eight years, but never delivered. My Labour government rolled up our sleeves and got the job done in 10 months. We are delivering for working people."
Calling it the UK's biggest post-Brexit deal and India's most ambitious to date, Starmer said the agreement would be "measured in billions of pounds into our economy and jobs across the whole of the United Kingdom." (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)