Commerce and Industry Minister Piyush Goyal emphasized the commitment of India and the UK to fostering an environment that supports innovation, investment, and overall growth for both nations. Goyal’s discussions with Secretary of State for Business and Trade, Peter Kyle, highlighted the positive and forward-looking nature of the bilateral partnership.
The India-UK Comprehensive Economic and Trade Agreement (CETA) and Double Contribution Convention (DCC) are set to take effect on July 15, 2026. This agreement underscores the shared goal of promoting innovation, investment, and comprehensive growth for both countries. Goyal, during a business reception attended by leaders and investors from India and the UK, discussed the significant opportunities that the CETA will bring for mutual growth and prosperity.
Goyal urged businesses to fully utilize the potential of the CETA to enhance collaboration, increase trade and investment, and drive innovation across various sectors. He highlighted that this agreement will play a crucial role in strengthening cooperation between India and the UK in trade, investment, technology, and strategic areas.
At the India Global Forum’s UK-India Week 2026 in London, Goyal emphasized that the India-UK partnership has grown substantially, evolving into a strategic relationship covering diverse sectors. The Comprehensive Economic and Trade Agreement is expected to boost the global economy by enhancing cooperation between the two nations. The expanding collaboration between India and the UK now extends beyond traditional trade to include technology, investments, defense, and critical minerals.
