India and the United Kingdom are natural trade and investment partners and are poised for an elevated strategic partnership involving the movement of people, trade, defence and security, healthcare and climate change, according to Piyush Goyal, Indian minister for commerce & industry and railways, consumer affairs, food & public distribution.
He was addressing a session on ‘Post Brexit UK and India’ during the Partnership Summit 2020 of the Confederation of Indian Industry (CII) and the Department of Promotion of Industry and Internal Trade (DPIIT) under the ministry of commerce and industry.
The minister noted that the post-Brexit discussion has come at a time when there is already a visible intensification of bilateral relations between the two countries.
Elizabeth Truss, secretary of state for international trade and president of the Board of Trade, UK, lauded the joint collaboration between the two countries in critical areas such as joint research for the development of the COVID vaccine and use of robotics in operation theatres in India.
Both countries are the founding members of the Global Partnership on artificial intelligence (AI) and are pushing the frontiers to discover opportunities in areas such as driver-less cars and virtual reality; “embracing innovation will be vital as two forward-leaning nations to unleash our full economic potential”, she was quoted as saying by a CII press release.
Truss also mentioned about the major headway been made during the Joint Economic and Trade Committee meetings in 2019, for example, in the removal of market access barriers on many items.