Archive · 24 Jul 2025
UK PM Starmer: India-UK FTA Is a 'Major Win' for Britain
The UK and India are making a trade deal, like a store agreement between countries.
This means it will be easier and cheaper for British companies to sell things like clothes, cars, and whisky in India.
It also helps Indian companies sell to the UK.
British Prime Minister Keir Starmer says this deal will create jobs and lower prices for people in Britain.
The deal involves lower taxes (tariffs) on goods, making them cheaper to buy and sell.
Keir Starmer hails the India-UK FTA as a 'major win' for Britain.
The FTA aims to create jobs, boost growth, and lower prices on various goods.
The deal will be signed by trade ministers in the presence of Prime Ministers Modi and Starmer.
The UK will see a significant drop in Indian tariffs on its products.
Whisky producers will benefit from slashed tariffs, giving UK an advantage.
- Who
- Keir Starmer and Narendra Modi are the key figures.
- What
- India and the UK are set to sign a Free Trade Agreement (FTA).
- When
- The deal is likely to be signed soon.
- Where
- The deal involves trade between India and the United Kingdom.
- Why
- The FTA aims to boost jobs, economic growth, and trade between the two countries.
Benefits for UK
Benefits for India
Trade
Benefits for UK
Easier for British companies to sell products in India
Benefits for India
Increased imports from India
- FTA Goal
- Boost Jobs and Growth
- Key Participants
- Keir Starmer, Narendra Modi, Trade Ministers
- UK's Tariff Reduction
- From 15% to 3%
- Whisky Tariff Reduction
- From 150% to 75% immediately, further reduced to 40%
- Investment and Export
- Nearly GBP 6 billion in new investment