Goyal highlights India’s ability to negotiate trade frameworks
Minister of Commerce & Industry Piyush Goyal has reaffirmed India’s commitment to transitioning the India–UK Free Trade Agreement (FTA) which was signed in May 2025 https://www.commerce.gov.in/.
Delivering the keynote address at the IGF Mainstage Plenary Session titled “From Agreement to Action: The UK–India FTA,” the Minister highlighted the FTA from a negotiated text into a transformative economic partnership.
He was joined in conversation by the UK Secretary of State for Business and Trade Jonathan Reynolds with moderation by international journalist Mark Barton https://fieo.org/.
Goyal described the FTA as a reflection of shared ambition between two vibrant democracies, stating that the agreement not only enhances bilateral trade, but also demonstrates India’s ability to negotiate balanced and future-oriented trade frameworks aligned with its national interests http://ukibc.com.
Outlining the next phase of implementation, Goyal highlighted key priorities such as strengthening institutional mechanisms for joint governance, unlocking early benefits for SMEs and startups, and facilitating smooth mobility of skilled professionals across sectors.
The Minister also participated in a special session on “UK–India Science, Technology and Innovation Collaboration” at the Science Museum in London.
The session explored opportunities for UK stakeholders to contribute to India’s expanding investments in digital public infrastructure, sustainable manufacturing, and green technologies.
Discussions also covered efforts to make India a global manufacturing hub through Make in India, PLI schemes, and enhancing collaboration in sectors such as fintech, artificial intelligence, and creative industries.
The Free Trade Agreement’s role in deepening cooperation in critical technologies, defence production, and advanced manufacturing was also highlighted.
The session further examined how innovations like UPI and CoWIN can be scaled globally through bilateral collaboration.
The Minister’s participation underscores India’s continued commitment to strengthening its comprehensive strategic partnership with the United Kingdom.
By leveraging the India–UK FTA, both nations aim to unlock new avenues in goods, services, technology, and innovation for shared prosperity, the Ministry of Commerce and Industry said on 19 June. Fiinews.com
