Minister Goyal called the institutional reset a “game-changer” to deepen cooperation and boost trade between govts and industries
Mumbai
India and the United Kingdom have taken a major step forward in strengthening their trade partnership. Commerce and Industry Minister Piyush Goyal announced the signing of the “Terms of Reference” to reposition the Joint Economic and Trade Committee (JETCO) during UK Prime Minister Keir Starmer’s visit to India.
The move marks the beginning of a new phase in the India-UK economic relationship, supporting the implementation of the Comprehensive Economic and Trade Agreement (CETA). Both nations agreed that the upgraded JETCO will serve as the key platform to oversee and drive the agreement’s progress.
Minister Goyal said on X that this institutional reset is a “game-changer,” aimed at deepening strategic cooperation and boosting trade. He added that the renewed structure will enhance coordination between both governments and industries, improving opportunities for businesses in both countries.
The ministers reaffirmed their shared goal of doubling bilateral trade by 2030. They highlighted new areas of cooperation such as advanced manufacturing, digital trade, clean energy, and services, while also working to remove non-tariff barriers and improve regulatory cooperation.
Prime Minister Starmer called the partnership “really important,” saying it fits perfectly with the ambitious India-UK Vision 2035 roadmap. He stressed that the CETA agreement, signed earlier in July, will create new avenues for investment, innovation, and supply chain growth.
Goyal said the upgraded JETCO will help ensure faster, more coordinated action on trade goals, marking a strong step toward a modern, mutually beneficial partnership between India and the UK.
