We remain committed to a trade deal with India, but we need to get it right, says UK PM Rishi Sunak

We remain committed to getting a trade deal with India, but we need to get it right, British Prime Minister Rishi Sunak said in Bali, Indonesia, at the G20 summit.

Earlier on Tuesday, Prime Minister Narendra Modi met his British counterpart Rishi Sunak after taking office for the first time on the sidelines of the 17th edition of the G20 summit. This is the first face-to-face between the two leaders. Earlier in October, Prime Ministers Modi and Sunak spoke on the phone and stressed the importance of a speedy conclusion of a “balanced and comprehensive” free trade agreement between the two countries.

Sunak has greenlighted 3,000 visas for young Indian professionals to work in the UK each year. The British government has declared India to be the first nationwide visa country to benefit from such a scheme, underscoring the strength of the UK-India partnership on migration and mobility entered into l ‘last year.

“Today the UK-India Young Professionals Scheme has been confirmed, offering 3,000 places for qualified Indian nationals aged 18-30 to come to the UK to live and work for up to two years,” said said the British Prime Minister’s office. in a tweet. The announcement in the Downing Street reading came hours after Sunak met Prime Minister Narendra Modi on the sidelines of the 17th G20 summit. It was their first meeting after the first Indian-born British prime minister took office last month.

Under the new UK-India Young Professionals Scheme, the UK will offer 3,000 places a year for qualified Indian nationals aged 18-30 to come to the UK to live and work in the UK for two years at most. The scheme will be reciprocal.

“The launch of the program is an important moment both for our bilateral relationship with India and for the UK’s wider commitment to forging stronger ties with the Indo-Pacific region to strengthen our two economies.” , Downing Street said in a statement.
He said the UK had more ties to India than almost any country in the Indo-Pacific region. Almost a quarter of all international students in the UK come from India, and Indian investment in the UK supports 95,000 jobs across the UK.

The UK is currently negotiating a trade deal with India – if agreed, it will be India’s first such deal with a European country. The trade deal would build on the UK’s trade relationship with India, which is already worth £24 billion, and allow the UK to seize the opportunities presented by India’s growing economy.

(With contributions from agencies)

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