Union Commerce and Industry Minister Piyush Goyal said the India-UK Free Trade Agreement (FTA) is poised to double bilateral trade over the next five years while opening new avenues for investment. He was speaking at the India Global Forum (IGF) in London, alongside UK Secretary of State for Business and Trade Jonathan Reynolds.

Calling the FTA a “good marriage,” Goyal emphasized that the agreement brings long-term stability and predictability to economic relations, which builds confidence among businesses to invest in each other’s markets. He noted that India and the UK have complementary strengths that can drive shared growth, particularly in innovation and resilient supply chains.

“With this agreement, we can bring our industries together, complement each other’s capabilities, and enhance profits and value for both sides,” Goyal said. He stressed that stronger trade relations would lead to deeper economic cooperation.

Reynolds echoed Goyal’s optimism, saying he was “genuinely excited” about the potential of the trade deal. Both ministers discussed the next steps for implementing the agreement in a bilateral meeting.

Goyal also met with Lisa Nandy, UK Secretary of State for Culture, Media and Sport, to discuss expanding cultural collaboration and creative partnerships. He described the exchange as a key element of the growing India-UK relationship.

The minister’s two-day visit to the UK is part of India’s push to finalize the FTA, which has been in the works for several years. Once signed, the deal is expected to significantly enhance bilateral trade, boost investor confidence, and deepen cooperation across sectors.