Prime Minister Narendra Modi on Tuesday announced that India and UK have successfully concluded their Free Trade Agreement in a historic milestone.

PM Modi, who spoke with UK Primer Minister Keir Starmer, said that the mutually beneficial FTA comes with a double contribution convention, which is a social security pact between the two countries.

“Delighted to speak with my friend PM @Keir_Starmer. In a historic milestone, India and the UK have successfully concluded an ambitious and mutually beneficial Free Trade Agreement, along with a Double Contribution Convention,” Modi said in a post on X.

Modi said that the agreements will deepen partnership and investments, while boosting job creation. He also looked forward to welcoming Starmer to India soon.

“These landmark agreements will further deepen our Comprehensive Strategic Partnership, and catalyse trade, investment, growth, job creation, and innovation in both our economies. I look forward to welcoming PM Starmer to India soon,” he added.

Starmer said that strengthening alliances and reducing trade barriers with economies around the world is part of their Plan for Change to deliver a stronger and more secure economy, as per a press release by the Prime Minister's Office.

In a statement on X, the UK Prime Minister's office said that the deal will benefit both the countries.

“The UK and India have agreed a landmark free trade deal to make working people and businesses better off in both our countries,” the PM's official handle said.