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India-UK relations: 14th JETCO meeting next year to be held in New Delhi

London: According to a joint statement of the 13th JETCO meeting held on July 15, the next India-UK Joint Economic and Trade Committee will take place in New Delhi.

The Minister of Railways and Commerce, Piyush Goyal, co-hosted the latest installment of the JETCO meeting with the British Secretary of State for International Trade, Liam Fox in London.

“Both delegations committed to continue working together to accelerate the already deepening India-UK partnership and enable the two countries to reach their full trading potential,” the statement read.
Multiple facets of the trade relations shared between India and the UK were discussed during the meeting. Both sides welcomed the progress made through the UK-India Multilateral Dialogue.

They also reaffirmed their commitment to the non-discriminatory treatment of foreign investment. The UK and India have been the top five investors in each other’s economies since 2010. The UK has been the largest EU investor in India since 2000 and India is now the second-largest investor in the UK.

Between 2015 and 2018, the total trade between the UK and India increased by 27 per cent to PS20.5 billion.

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