The deliberations took place during a virtual meeting between Commerce and Industry Minister Piyush Goyal and United Kingdom Secretary of State for Business and Trade Peter Kyle. Both sides reviewed avenues to deepen economic engagement and maximise the potential of the recently concluded trade framework.
In a social media post following the meeting, Piyush Goyal stated that the discussions explored strategies to further enhance trade and investment relations while fully utilising the opportunities offered under the India–United Kingdom Comprehensive Economic and Trade Agreement.
The agreement, signed on July 24, 2025, marks a significant milestone in bilateral economic relations. Under CETA, 99 per cent of Indian exports will gain duty-free access to the United Kingdom market, while India will progressively reduce tariffs on key British exports, including automobiles and whisky.
The agreement is designed with an ambitious target of doubling bilateral trade, which currently stands at USD 56 billion, by the year 2030. Both nations view the pact as a critical instrument to accelerate economic integration, enhance market access, and strengthen investment linkages across sectors.
The discussions reaffirmed the shared commitment of India and the United Kingdom to advance a comprehensive economic partnership and unlock long-term trade growth under the established agreement framework.
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