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Britain and India to restart trade talks in New Delhi on Monday

Published by Global Banking & Finance Review

Posted on February 23, 2025

2 min read

· Last updated: February 27, 2026

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UK and India trade talks in New Delhi reflecting economic partnership - Global Banking & Finance Review
Image depicting the UK and India flags, symbolizing the resumption of trade negotiations in New Delhi. This meeting is crucial for enhancing economic ties between the two nations.
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LONDON (Reuters) - Britain's Business and Trade Secretary Jonathan Reynolds and India's Commerce Minister Piyush Goyal will meet in New Delhi on Monday to restart talks on a UK-India trade deal, the

UK and India to Resume Trade Negotiations in New Delhi on Monday

LONDON (Reuters) - Britain's Business and Trade Secretary Jonathan Reynolds and India's Commerce Minister Piyush Goyal will meet in New Delhi on Monday to restart talks on a UK-India trade deal, the British government said on Sunday.

"Securing a trade deal with what is soon-to-be the third biggest economy in the world is a no-brainer, and a top priority for me and this government," Reynolds said in a statement.

"That is why I'm flying to New Delhi with our top negotiating team to show our commitment to getting these talks back on track."

Britain's previous Conservative governments, in power from 2010 to 2024, held years-long trade talks with New Delhi, but they ended in March 2024, with Britain saying an agreement could not be finalised before Indian elections, held last year.

Previous sticking points in the talks included a steep import duty on British whisky sold in India and India's demand for more visas for Indian students and businesses.

Trade ministers will restart talks on an economic deal with two days of focused discussions – the first time both teams have formally got around the table since Britain's Labour Party took power last year, the government said.     

India and Britain, currently the world's fifth and sixth largest economies respectively, have a trade relationship worth 41 billion pounds ($51.8 billion), it said.

($1 = 0.7918 pounds)

(Reporting by Paul Sandle; Editing by Susan Fenton)

Key Takeaways

  • UK and India resume trade negotiations in New Delhi.
  • Talks focus on economic deal with major global economies.
  • Previous talks stalled due to tariffs and visa issues.
  • Labour Party leads UK's renewed negotiation efforts.
  • Trade relationship valued at 41 billion pounds.

Frequently Asked Questions

Who is meeting to discuss the UK-India trade deal?
Britain's Business and Trade Secretary Jonathan Reynolds and India's Commerce Minister Piyush Goyal will meet in New Delhi.
What is the significance of the trade deal?
Securing a trade deal with India, which is soon to be the third biggest economy, is a top priority for the UK government.
What were previous sticking points in the negotiations?
Previous sticking points included high import duties on British whisky and India's demand for more visas for Indian students and businesses.
When did the last round of trade talks end?
The last round of trade talks ended in March 2024, with Britain stating that an agreement could not be finalized.
What is the current trade relationship value between the UK and India?
The trade relationship between India and Britain is currently valued at 41 billion pounds, approximately $51.8 billion.

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