UK's Sunak says hard work needed to secure India trade deal

AFP / Ludovic Marin

British Prime Minister Rishi Sunak said on Saturday that he was confident a free trade deal with India could be secured but cautioned there was still hard work to do.

"There's a desire on both of our parts to see a successful trade deal concluded...but there is a lot of hard work that's still to go," Sunak told reporters after talks with Indian Prime Minister Narendra Modi at the gathering of the Group of 20 major economies in New Delhi.

"There has to be a win-win for both countries."

Negotiations on a trade deal began in January 2022 and have already missed several political deadlines. But recent comments from both Britain and India have suggested progress has been made.

Ahead of the visit, Sunak said the British government had no plans to change its approach to cutting net migration in order to seal a deal with India.

A British source close to the negotiations told Reuters in July that talks had gained momentum, but that further work was needed on services and tariffs to secure an agreement.

A top Indian trade ministry official said later in July that both countries could sign the trade deal this year as they have reached a consensus on the broad contours. Sunak said on Saturday he would not put an arbitrary deadline on the deal.

More from Business

Coming Up on Dubai Eye

  • Extra Time

    7:00pm - 8:00pm

    Chris & Robbie bring you the latest from the sporting world plus interviews with upcoming and legendary sporting stars.

  • The Night Shift with Mark Lloyd

    8:00pm - 11:00pm

    Musicians and music, entertainers and entertainment, industry gossip and songs selected by you, get ready to bring your night time to life! Every evening from eight, Mark Lloyd brings you an energetic mix of local and international content and contests, featuring an array of celebrity interviews and entertaining anecdotes. Get involved in the show and pick your favourite jukebox hits, every night from 8pm - 11pm.


On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.