The UK PM announced the launch of a free trade agreement with India on Republic Day
Politics

The UK PM announced the launch of a free trade agreement with India on Republic Day

United Kingdom’s Prime Minister Boris Johnson has expressed greetings for India on Republic Day as he focused his message on the launch of Free Trade Agreement (FTA) talks along with the India-UK partnership over vaccines.

The FTA between India-UK is billed in the UK as creating huge benefits for both the nations as they have the potential to boost bilateral trade up to GBP 28 billion by 2035. It also aims to increase the wages to GBP 3 billion across the UK.

Johnson said that he feels proud of the friendship shared between the two “diverse democracies” and is looking forward to fortifying the strong bond of 75 years and beyond.

Mr. Johnson said, “As two diverse democracies, I am proud of our strong friendship, demonstrated by the launch of free trade negotiations this month and our partnership manufacturing the Oxford-Astra Zeneca vaccine. I look forward to fortifying those bonds as we bring our ambitions, people, and economies together to prosper for the next 75 years and beyond”.

Covishield, the COVID-19 vaccine developed by Oxford University, is a joint venture of Anglo-Swedish biopharmaceutical company AstraZeneca and Serum Institute India (SII).