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UK PM Sunak Reiterates Britain's Commitment To Deliver On New FTA With India

He said, "Before I came into politics, like many of you, I invested in businesses around the world and the opportunity in the Indo-Pacific is compelling"

Photo Credit : Reuters

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Amid the constant delay in the Indo-British Free Trade Agreement (FTA), Prime Minister Rishi Sunak has reiterated Britain's commitment to a trade deal with India as part of the country's wider focus on boosting ties with the Indo-Pacific region.

While speaking at the Lord Mayor of London's Banquet, Sunak said that he is dedicated to promoting British values of "freedom and openness" around the world.

He said, "Before I came into politics, like many of you, I invested in businesses around the world and the opportunity in the Indo-Pacific is compelling."

He added that take Indonesia, which I visited just this month. It’s a young, vibrant country, the world’s third-largest democracy and poised to become a top 5 global economy.

By 2050, the Indo-Pacific will deliver over half of global growth, compared with just a quarter from Europe and North America combined, the British PM stated.

"That’s why we’re joining the Trans-Pacific trade deal, the CPTPP, delivering a new FTA with India and pursuing one with Indonesia," Sunak said.

He, however, added that in the Indo-Pacific economics and security are indivisible.

On China, he said that it poses a systemic challenge to our values and interests and a challenge that grows more acute as it moves towards even greater authoritarianism.

"Instead of listening to their people’s protests, the Chinese Government has chosen to crack down further," he said.