Archive · 24 Jul 2025
India, UK Sign Historic Free Trade Agreement to Boost Trade
India and the UK made a deal to trade goods more easily.
This means it will be cheaper for Indian farmers to sell things like spices and shrimp in the UK, and for UK companies to sell whiskey and cars in India.
Both countries hope to make more money and create more jobs.
They expect that the trade between the two countries will increase significantly.
It is being called a 'landmark' agreement.
India and the UK signed a Free Trade Agreement (FTA) to boost bilateral trade.
The agreement aims to double trade to $120 billion by 2030, according to one source.
Indian agricultural products will receive duty-free access to the UK market.
The FTA will benefit India's fisheries and labor-intensive sectors.
The deal is expected to benefit 99% of Indian exports.
- Who
- Commerce Minister Piyush Goyal and British Trade Minister Jonathan Reynolds signed the agreement.
- What
- A Free Trade Agreement (FTA) between India and the UK was signed.
- When
- The agreement was signed recently, with no exact date provided.
- Where
- The agreement involves trade between India and the UK.
- Why
- The FTA aims to boost bilateral trade and economic partnership.
- Expected Trade Boost
- Around $34 billion annually
- Estimated Trade Increase Target (According to one source)
- $120 billion by 2030
- Key Beneficiaries
- Indian farmers, fisheries, and exporters of labor-intensive goods.
- Key Participants
- Prime Minister Narendra Modi and his UK counterpart Keir Starmer
- Duty Benefits
- 99% of Indian exports expected to receive tariff elimination
