Archive · 24 Jul 2025
India, UK Sign Landmark Free Trade Agreement
India and the UK have made a deal to trade with each other more easily.
This means it will be cheaper and faster for businesses to buy and sell goods between the two countries.
The deal will help India sell things like clothes, shoes, and jewelry in the UK, while the UK can sell things like cars and medicine to India.
This should boost the economy, create jobs, and make things more affordable for people in both countries.
Small businesses in India will have more opportunities to grow and reach a wider audience.
India and the UK signed a Free Trade Agreement (FTA) to boost bilateral trade.
The FTA is expected to increase trade by approximately $34 billion annually.
Indian exports, including textiles, footwear, and gems, will get better access to the UK market.
The deal will benefit Indian MSMEs by providing duty-free access to the UK market.
The FTA aims to encourage MSMEs to use digital tools and sustainable production methods.
- Who
- India and the United Kingdom
- What
- India and the UK signed a Free Trade Agreement (FTA).
- When
- Thursday, July 24, 2025
- Where
- London, UK
- Why
- To improve market access and boost bilateral trade.
Supporters
Not Applicable
Economic Benefits
Supporters
Boosts wages and raises living standards.
Not Applicable
Not Applicable
- Agreement
- Free Trade Agreement (FTA)
- Parties
- India and the United Kingdom
- Expected Trade Increase
- $34 billion annually
- Key Beneficiaries
- MSMEs, textile, footwear, gems industries
- Tariff Reduction
- India’s average tariff on UK products drops from 15% to 3%
