The India-UK Summit talks took place on 19 February 2013 in New Delhi during the official visit of British Prime Minister, David Cameron to India. The British Prime Minister was accompanied with his Ministerial colleagues as well as delegation which included largest British trade delegation ever to visit India, i.e., the university Vice Chancellors, leaders of the UK-India CEO Forum and members of Parliament.
In the official visit, the progress which was made between the two countries since previous Summit in 2010, was reviewed and discussed. The issues which were discussed included:
Economic Growth and Cooperation
It was found that the trade between India and UK grew at a positive pace since last Summit in 2010. The average growth of the trade in 2010 and 2011 was 23 percent. However, in 2012, the economic climate remained tougher. It was decided that trade and investment between the two countries would be increased.
Two-way investment between India and UK since 2010 Summit was also reviewed. It was found that UK was 3rd largest investor in India now and India, on the other hand, was 5th largest investor in UK.
It was also additionally found that signature of an Amending Protocol of their Double Taxation Avoidance Convention (DTAC) in October 2012 provided tax stability to residents of the two countries. It also led to flow of investment, services as well as technology.
During the visit, the leaders also had a meeting with the members of the UK-India CEO forum. During the meeting, recommendations in context with advance manufacturing and R&D, education and skills, healthcare, and infrastructure and energy were taken.
The EU-India negotiations were discussed as well. It was found that Free Trade Agreement would help in generation of jobs as well as growth of the two countries.
UK extended co-operation with India for development of a new Bengaluru-Mumbai Economic Corridor (BMEC).
During the visit, it was also found that co-investment made by both countries in supporting joint research activities increased from 1 million pounds in 2009 to more than 100 million pounds in 2013.
It was agreed by the leaders of both the nations that energy security challenge would be faced in a co-operative manner.
India and UK during the visit of the UK PM agreed to discuss between relevant agencies working in the field of petroleum conservation in the two countries. It was decided that the two countries would promote joint cooperation through activities where exchanging technology and knowledge would lead to fuel conservation.
It was agreed to encourage Indian Public Sector Undertakings and UK oil and gas companies for exploring possibilities of upstream oil and gas sector investment in India, the UK and in third countries. The issue of cyber security was also discussed.
The two nations also agreed to work towards security of nuclear weapons. It was agreed that regular consultations on disarmament and non-proliferation issues would be held.
UK Prime Minister David Cameron committed to facilitate India with cutting edge British technology, civil and military, in accordance with the international obligations.
International security matters such as conflict in Syria and Iran’s nuclear programme were also discussed during the visit. Both the nations agreed to deepen the existing India-UK strategic consultations on developments in West Asia / Middle East.
Establishing a new Joint Working Group was also agreed upon. This was done for regular bilateral dialogue on peace, security and development in Afghanistan.
Other discussions and dialogues
The two nations considered the results of India-UK Education Forum meeting which took place on 30 January 2013 in London.
In the official visit, the progress which was made between the two countries since previous Summit in 2010, was reviewed and discussed. The issues which were discussed included:
Economic Growth and Cooperation
It was found that the trade between India and UK grew at a positive pace since last Summit in 2010. The average growth of the trade in 2010 and 2011 was 23 percent. However, in 2012, the economic climate remained tougher. It was decided that trade and investment between the two countries would be increased.
Two-way investment between India and UK since 2010 Summit was also reviewed. It was found that UK was 3rd largest investor in India now and India, on the other hand, was 5th largest investor in UK.
It was also additionally found that signature of an Amending Protocol of their Double Taxation Avoidance Convention (DTAC) in October 2012 provided tax stability to residents of the two countries. It also led to flow of investment, services as well as technology.
During the visit, the leaders also had a meeting with the members of the UK-India CEO forum. During the meeting, recommendations in context with advance manufacturing and R&D, education and skills, healthcare, and infrastructure and energy were taken.
The EU-India negotiations were discussed as well. It was found that Free Trade Agreement would help in generation of jobs as well as growth of the two countries.
UK extended co-operation with India for development of a new Bengaluru-Mumbai Economic Corridor (BMEC).
During the visit, it was also found that co-investment made by both countries in supporting joint research activities increased from 1 million pounds in 2009 to more than 100 million pounds in 2013.
It was agreed by the leaders of both the nations that energy security challenge would be faced in a co-operative manner.
India and UK during the visit of the UK PM agreed to discuss between relevant agencies working in the field of petroleum conservation in the two countries. It was decided that the two countries would promote joint cooperation through activities where exchanging technology and knowledge would lead to fuel conservation.
It was agreed to encourage Indian Public Sector Undertakings and UK oil and gas companies for exploring possibilities of upstream oil and gas sector investment in India, the UK and in third countries. The issue of cyber security was also discussed.
The two nations also agreed to work towards security of nuclear weapons. It was agreed that regular consultations on disarmament and non-proliferation issues would be held.
UK Prime Minister David Cameron committed to facilitate India with cutting edge British technology, civil and military, in accordance with the international obligations.
International security matters such as conflict in Syria and Iran’s nuclear programme were also discussed during the visit. Both the nations agreed to deepen the existing India-UK strategic consultations on developments in West Asia / Middle East.
Establishing a new Joint Working Group was also agreed upon. This was done for regular bilateral dialogue on peace, security and development in Afghanistan.
Other discussions and dialogues
The two nations considered the results of India-UK Education Forum meeting which took place on 30 January 2013 in London.
India welcomed the British Council’s programme for providing digital English language materials for Indian learners.
Both India and UK affirmed welcoming legitimate travellers, including students, tourists, visitors, business people or qualified workers.
- See more at: http://www.jagranjosh.com/current-affairs/indiaunited-kingdom-summit-2013-issues-discussed-and-agreed-upon-1362385847-1#sthash.PluuYidb.dpufBoth India and UK affirmed welcoming legitimate travellers, including students, tourists, visitors, business people or qualified workers.
Yes both countries Departments have signed 'Programme of Co-operation' deal to support joint, collaborative R&D & more key areas of technology including energy and healthcare. Resource for more information http://ow.ly/iYnKR
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