Archive · 24 Jul 2025
UK & India Set to Sign Landmark Trade Deal
The UK and India are making a big trade deal to help businesses.
This deal will make it easier for UK companies to sell things to India, like soft drinks and cars.
It will also make products cheaper for people in the UK, like clothes and food.
The deal is expected to create jobs and boost the economy in both countries.
Both countries will work together to fight crime and help each other.
UK Prime Minister Keir Starmer and Indian counterpart Narendra Modi are set to sign a Free Trade Agreement (FTA).
The FTA is projected to cut tariffs on various goods, including clothing, shoes, and food products, making them cheaper.
India's average tariff on UK products will drop from 15% to 3% once the FTA comes into force.
The deal includes nearly GBP 6 billion in new investment and export developments as Indian firms expand in the UK and British companies secure opportunities in India.
Both nations will strengthen cooperation in tackling corruption, serious fraud, organized crime, and irregular migration.
- Who
- UK Prime Minister Keir Starmer and Indian Prime Minister Narendra Modi.
- What
- The UK and India are signing a Free Trade Agreement (FTA) to boost trade and cooperation.
- When
- The agreement will be signed during Narendra Modi's visit.
- Where
- The agreement is between the UK and India.
- Why
- To create jobs, drive economic growth, and strengthen cooperation in areas like fighting crime.
Benefits
N/A
Economic Impact
Benefits
FTA will create jobs across the UK, unlock new business opportunities, and increase economic growth.
N/A
N/A
- FTA
- Free Trade Agreement
- UK Tariff Reduction
- India's average tariff on UK products will drop from 15% to 3%
- Investment/Export Deals
- Nearly GBP 6 billion
- Benefit for Whisky
- Tariffs slashed immediately from 150% to 75%, then down to 40% over 10 years
- Increase in UK Exports
- Nearly 60% increase in the long run