India-UK Trade Deal Takes Centre Stage As PM Modi Meets Starmer At G7 Summit
GS2Polity · Governance · IR· India's bilateral relations· Prelims + Mains·
Why in news
PM Modi and UK PM Starmer met at the G7 Summit to review the Vision 2035 framework and accelerate the Comprehensive Economic and Trade Agreement (CETA).
Background
The meeting took place during the G7 Summit in Evian. Key focus areas included trade, technology, defense, education, and climate action under the Vision 2035 framework.
Facts for Prelims
- BodyG7: An intergovernmental political forum consisting of Canada, France, Germany, Italy, Japan, the UK, and the USA.
- FactVision 2035: A framework for long-term India-UK cooperation across multiple sectors.
- FactCETA: The proposed Comprehensive Economic and Trade Agreement between India and the UK.
For Mains
Q. Analyze the strategic and economic significance of the India-UK Comprehensive Economic and Trade Agreement (CETA) in the context of India's 'Look East' and 'Act East' policies.
Dimensions to cover in your answer
- Trade imbalance: Addressing UK's high-tariff protections on Indian textiles and manufacturing goods
- Strategic autonomy: Balancing UK-India trade ties with India's non-aligned stance on West Asian and Ukrainian conflicts
- Technology transfer: Leveraging UK's R&D capabilities for India's semiconductor and green energy goals
Keywords: Strategic Partnership · Trade Liberalization · Geopolitical Alignment · Economic Cooperation · Vision 2035
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