New Delhi, Oct. 9 -- Union commerce and industry minister Piyush Goyal and UK secretary of state for business and trade Peter Kyle on Wednesday decided to reposition the existing institutional mechanism, the India-UK Joint Economic and Trade Committee (JETCO) to realise the full potential of recently signed India-UK free trade agreement that aims to double bilateral trade by 2030.

The decision was taken after two ministers held a bilateral meeting in Mumbai on Wednesday to chart a renewed course for the India-UK trade and investment partnership, a government statement said. The two countries signed a free trade deal in July.

"The meeting marked a significant step towards operationalising the India-UK Comprehensive Economic and Trade Agr...