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INDIA-UK Bilateral Agreement.

India, UK agree to build on trade, security cooperation

  • No dilution in the importance of Britain to India, post-Brexit: Prime Minister Modi
  • They signed a statement of shared values, emphasising support for a “global outlook and commitment to a rules based international system”. As part of the bilateral agreement, Indian firms will make investments of about £1 billion in UK.
  •  Britain and India agreed to forge a new India-UK Trade Partnership, building on the trade review carried out over the past year, focussing on life sciences, IT, food and drink. A UK-India Tech Partnership, and research partnership was also agreed upon.

Joint statement from the Prime Ministers:

  • “We share a global outlook and commitment to a rules-based international system that strongly opposes unilateral actions that seek to undermine that system through force or coercion”
  • pledging to work with other countries in the Commonwealth on issues ranging from cybersecurity to plastic pollution and climate change.

Downing Street said May offered reassurances that the transition period to leaving the EU, set for the end of 2020, would give Indian firms and investors the visibility they needed up to this period.

The visit is the third bilateral between the two Prime Ministers since 2015, as Britain has sought to emphasise the potential for growth in trade with non-EU partners once Britain leaves the EU.

Chemical weapons

The issue of the chemical weapon attacks in Syria and Salisbury were also discussed,  making clear their opposition to the use of chemical weapons in all circumstances.

Priorities for the Indo-Pacific area and to work closely to ensure it remained free and open. They discussed defence and security cooperation, agreeing to work together closely to combat terrorism, radicalisation and online extremism.

Other issues

The release of the Chennai Six -former British soldiers released by Indian authorities last year, and the forthcoming CHOGM meeting in London.

“It is clear that the opportunities for growth in trade with India are plenty, and as an international economic development we will continue to use tools such as trade missions not only to boost UK exports, but also to help businesses of all sizes forge ties and build relationship with potential buyers and investors,” said Liam Fox, Britain’s international trade secretary.

During an intense day of meetings, Modi attended an event at the Science Museum, home to an exhibition on Indian science over the past 5,000 years, as well as a meeting with CEOs from the UK and India, and a meeting with the Queen.

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