India-UK Unveil 10-year Road Map for Stronger Bilateral Trade Partnership

Current GK ( Master) International Affairs

The Prime Minister of India, Shri Narendra Modi and his British counterpart Boris Johnson held a virtual Summit meeting on May 04, 2021.
During the Summit meeting, both the leaders unveiled an ambitious 10-year road map to elevate the India-UK bilateral relationship to a comprehensive strategic partnership.
The UK prime minister Boris Johnson announced a new India-UK trade investment worth £1 billion.
Apart from this, India and the UK inked nine pacts.
These pacts were in areas such as migration and mobility, digital and technology, telecommunications, energy and medicines, counter-terrorism, besides agreeing to boost collaboration in dealing with climate change through a new partnership on renewables and power.
They also launched Enhanced Trade Partnership, which included negotiation for a comprehensive Free Trade Agreement (FTA), including consideration of an interim trade agreement to deliver early gains.
The two nations set an ambitious target of more than doubling bilateral trade by 2030.