Goyal Says India-UK Trade Pact To Strengthen Global Growth
Union Commerce and Industry Minister Piyush Goyal has said the India-UK Comprehensive Economic and Trade Agreement (CETA) will strengthen bilateral economic ties and act as a catalyst for global growth by enhancing cooperation in trade, investment, technology and strategic sectors.
Speaking at the India Global Forum’s UK-India Week 2026 in London, Goyal said the partnership between India and the United Kingdom has expanded beyond traditional trade to encompass areas such as technology, defence, critical minerals and investment.
According to the minister, the agreement will help Indian industries move up the value chain, improve global competitiveness and create new opportunities for businesses in both countries through stronger integration into global value chains.
He also highlighted the growing collaboration between India and the UK in promoting fair and rules-based international trade, while working together on broader strategic priorities, including global peace, security and counter-terrorism.
The India-UK CETA is expected to enhance market access across goods and services while encouraging greater investment and deeper industrial collaboration. Industry stakeholders believe the agreement will support the complementary strengths of both economies, combining India’s manufacturing and services capabilities with the UK’s innovation, technology and investment ecosystem.
With the agreement now in focus, attention is expected to shift towards its ratification and implementation, which will determine the pace at which businesses in both countries begin to benefit from the expanded trade framework.
