New Delhi, Oct. 8 -- India and the UK on Wednesday set the stage for a new phase in their trade partnership, by turning the Joint Economic and Trade Committee (JETCO) into the body that will oversee and implement their recently-signed free trade agreement (FTA). Meeting in Mumbai, commerce minister Piyush Goyal and UK trade secretary Peter Kyle said the committee will be tasked with faster resolution of various trade hurdles.

According to a commerce ministry statement, the two sides reaffirmed their joint ambition to increase bilateral trade to $120 billion by 2030 from $23.1 billion in fiscal year 2925 (FY25), focusing on sectors such as advanced manufacturing, digital trade, clean energy, and services.

India and the UK signed the land...