The Japan Times - India's Modi and UK PM Starmer ink trade deal

EUR -
AED 4.323624
AFN 75.940287
ALL 95.687478
AMD 441.242259
ANG 2.107224
AOA 1080.758104
ARS 1599.419799
AUD 1.642433
AWG 2.120604
AZN 2.006077
BAM 1.955544
BBD 2.375189
BDT 144.991026
BGN 1.96385
BHD 0.445242
BIF 3506.541132
BMD 1.177296
BND 1.500804
BOB 8.148934
BRL 5.863881
BSD 1.179346
BTN 109.436679
BWP 15.822929
BYN 3.349562
BYR 23075.00039
BZD 2.37179
CAD 1.62202
CDF 2719.554043
CHF 0.919924
CLF 0.026581
CLP 1046.173097
CNY 8.02651
CNH 8.025203
COP 4252.443522
CRC 537.829619
CUC 1.177296
CUP 31.198342
CVE 110.250573
CZK 24.292918
DJF 210.002519
DKK 7.478542
DOP 70.700748
DZD 156.180562
EGP 61.083063
ERN 17.659439
ETB 184.137404
FJD 2.6116
FKP 0.869683
GBP 0.870234
GEL 3.183245
GGP 0.869683
GHS 13.031295
GIP 0.869683
GMD 86.535785
GNF 10346.646031
GTQ 9.01882
GYD 246.727713
HKD 9.228764
HNL 31.3339
HRK 7.540232
HTG 154.429791
HUF 361.795271
IDR 20178.852382
ILS 3.484549
IMP 0.869683
INR 109.021729
IQD 1544.897834
IRR 1555796.58282
ISK 143.712969
JEP 0.869683
JMD 186.4556
JOD 0.834749
JPY 186.748615
KES 151.890124
KGS 102.954982
KHR 4717.38268
KMF 492.110114
KPW 1059.54421
KRW 1727.223095
KWD 0.363031
KYD 0.982771
KZT 552.967638
LAK 26018.595189
LBP 105605.880343
LKR 372.771219
LRD 216.991604
LSL 19.329071
LTL 3.476249
LVL 0.712135
LYD 7.457024
MAD 10.880676
MDL 20.272347
MGA 4891.359913
MKD 61.631935
MMK 2472.587069
MNT 4209.502521
MOP 9.512755
MRU 47.136832
MUR 54.497475
MVR 18.20144
MWK 2044.932399
MXN 20.380292
MYR 4.653267
MZN 75.294007
NAD 19.329071
NGN 1580.496695
NIO 43.394321
NOK 11.029737
NPR 175.099086
NZD 2.013677
OMR 0.454021
PAB 1.179346
PEN 4.057269
PGK 5.112331
PHP 70.124501
PKR 328.817071
PLN 4.231614
PYG 7513.016842
QAR 4.299437
RON 5.098167
RSD 117.334646
RUB 89.63827
RWF 1723.174504
SAR 4.416103
SBD 9.460335
SCR 17.672434
SDG 707.555258
SEK 10.789215
SGD 1.495406
SHP 0.87897
SLE 28.990957
SLL 24687.302663
SOS 674.011798
SRD 44.391165
STD 24367.648971
STN 24.496794
SVC 10.31865
SYP 130.128292
SZL 19.323471
THB 37.700592
TJS 11.120745
TMT 4.126422
TND 3.422652
TOP 2.834646
TRY 52.795135
TTD 8.009952
TWD 37.061709
TZS 3060.299527
UAH 51.917706
UGX 4367.428475
USD 1.177296
UYU 46.913861
UZS 14311.127236
VES 564.698282
VND 31004.088534
VUV 139.188822
WST 3.1983
XAF 655.871172
XAG 0.014532
XAU 0.000243
XCD 3.181702
XCG 2.125422
XDR 0.815693
XOF 655.871172
XPF 119.331742
YER 280.907036
ZAR 19.209
ZMK 10597.080419
ZMW 22.436064
ZWL 379.088812
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSD

    0.1800

    23.08

    +0.78%

  • BCE

    -0.0700

    24.09

    -0.29%

  • CMSC

    0.1500

    22.77

    +0.66%

  • RIO

    0.4400

    100.15

    +0.44%

  • RELX

    0.4700

    36.68

    +1.28%

  • GSK

    1.2200

    58.35

    +2.09%

  • RYCEF

    0.5600

    17.66

    +3.17%

  • AZN

    4.3300

    204.8

    +2.11%

  • NGG

    -0.6000

    86.92

    -0.69%

  • BTI

    0.5400

    56.68

    +0.95%

  • BCC

    4.2400

    83.04

    +5.11%

  • JRI

    0.1800

    13.09

    +1.38%

  • BP

    -3.0400

    44.59

    -6.82%

  • VOD

    -0.2200

    15.48

    -1.42%

India's Modi and UK PM Starmer ink trade deal
India's Modi and UK PM Starmer ink trade deal / Photo: Kin Cheung - POOL/AFP

India's Modi and UK PM Starmer ink trade deal

Prime Minister Keir Starmer praised Britain's "unique bonds" with India as he and his Indian counterpart Narendra Modi formally signed a recently announced UK-India trade deal during talks on Thursday.

Text size:

Starmer hailed the agreement as a "landmark moment" for both countries as he hosted India's leader at his Chequers country estate, northwest of London.

"This is not the extent or the limit of our collaboration with India," added the British premier, whose year-old government is struggling to fire up an economy weakened by years of stagnant growth and high inflation.

"We have unique bonds of history, of family and of culture and we want to strengthen our relationship further, so that it is even more ambitious, modern and focused on the long term," he said.

Starmer and Modi announced in May they had struck a free trade agreement that the British government says will eventually add £4.8 billion ($6.5 billion) a year to the UK economy.

The UK and India hope the accord will boost trade between the two countries by £25.5 billion, as well as bolstering the British economy and wages.

Modi, standing alongside Starmer during a media appearance, described the deal as a "blueprint for our shared prosperity".

Britain and India are the sixth and fifth largest global economies respectively, with a trade relationship worth around £41 billion and investment supporting more than 600,000 jobs across both countries.

The accord slashes tariffs on imports of UK goods into India, including whisky, cosmetics and medical devices.

In return, the United Kingdom will cut tariffs on clothes, footwear and food products including frozen prawns from India.

Starmer and Modi were also likely to discuss last month's Air India disaster in which 241 people died when a London-bound flight crashed after taking off from Ahmedabad in western India.

Some 169 Indian passengers and 52 British nationals were killed in the June 12 crash, one of the deadliest plane disasters in terms of the number of British fatalities.

- Sikh blogger -

A lawyer for 20 British families said this week the repatriation of victims had been marred by errors with one relative finding that a returned coffin contained "co-mingled" remains.

A different family was told a coffin contained the body of someone else entirely, not their loved one, he said, according to UK media.

India's foreign ministry has said all remains "were handled with utmost professionalism" and that it is "continuing to work with the UK authorities on addressing any concerns related to this issue".

Another tricky topic of discussion could be that of Scottish sikh blogger Jagtar Singh Johal, imprisoned in India since 2017 on accusations of being part of a terror plot against right-wing Hindu leaders.

He has not been convicted of a crime and in March was cleared of one of the nine charges against him.

His brother Gurpreet Singh Johal said in a statement the case "should be high on the agenda" during the two leaders' meeting.

Starmer and Modi have met twice recently, at the G7 summit in Canada last month and at the G20 meeting in Brazil last year.

Modi was also due to see King Charles III during his brief stay in Britain, his fourth visit since becoming India's leader in 2014.

M.Fujitav--JT