India and the United Kingdom have entered a new chapter in economic cooperation by signing the Terms of Reference to reposition the Joint Economic and Trade Committee (JETCO). This aims to enhance the strategic delivery of the India-UK Comprehensive Economic and Trade Agreement (CETA) and accelerate trade and investment flows between the two nations.
On October 9, 2025, Commerce and Industry Minister Piyush Goyal and UK Secretary of State for Business and Trade Peter Kyle engaged in high-level discussions and formalised the repositioning of JETCO. The renewed mechanism is expected to play a central role in monitoring and facilitating the implementation of CETA.
Both governments reaffirm their commitment to doubling bilateral trade by 2030, leveraging complementarities in sectors like clean energy, digital trade, advanced manufacturing, and services.
Alongside government efforts, the India-UK CEO Forum convened business leaders from key sectors to explore collaboration opportunities. Co-chaired by industry veterans from both sides, the forum focused on unlocking innovative avenues in trade, investment, and technological synergy. The dialogue further strengthened economic ties through private sector commitments aligned with public policy objectives.
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UK Prime Minister Keir Starmer’s 2-day visit to India further amplified the momentum. Accompanied by over 125 leaders from business, academia, and culture, including representatives from Rolls-Royce, London Stock Exchange, and British Telecom, the visit underscored the UK’s intent to implement the FTA with India “as soon as humanly possible.” This initiative complements ongoing bilateral negotiations and reflects growing political will to boost trade ties.
Going forward, JETCO’s repositioning is projected to expedite the finalisation and execution of CETA, fostering an inclusive, sustainable, and forward-looking trade architecture. The collaborative vision is set to unlock new opportunities in high-growth sectors, signalling deepened trust and strategic alignment between India and the UK.
The repositioning of JETCO marks a pivotal milestone in the India-UK economic partnership. With strong backing from both governments and the private sector, this strategic reset sets the foundation for rapid progress on CETA and propels the intent to double trade by 2030.
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Published on: Oct 9, 2025, 2:56 PM IST
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