Commerce Minister Goyal and U.K. counterpart Kyle reaffirm commitment to double bilateral trade by 2030

Commerce and Industries Minister Piyush Goyal met Peter Kyle, the U.K.’s Secretary of State for Business and Trade, on Wednesday in Mumbai with a view to move forward with the operationalisation of the India-U.K. Comprehensive Economic and Trade Agreement (CETA), the Ministry of Commerce and Industry said in a statement on Wednesday (October 3, 2025).

Mr. Kyle is in India as a part of the delegation accompanying U.K. Prime Minister Keir Starmer on his two-day official visit to India, the first since he assumed office. 

“The meeting marked a significant step towards operationalising the India-UK CETA, with both Ministers agreeing to reposition the Joint Economic and Trade Committee (JETCO) to oversee its implementation and delivery,” the statement said.

It added that the Ministers reaffirmed their shared ambition to double bilateral trade between India and the U.K. by 2030.

“Emphasising the transformative scope of CETA, the Ministers discussed ways to maximise its benefits through regulatory cooperation, addressing non-tariff barriers, and promoting supply chain integration,” the statement added.

The Ministers also exchanged views on the current global trade and economic outlook, “acknowledging the importance of building resilient and diversified supply chains amid ongoing global uncertainties”, the release said.