Archive · 25 Jul 2025
India and UK Ink Trade Deal Targeting USD 112 Billion
India and the UK made a big trade deal!
They agreed to lower taxes (tariffs) on many products traded between them, like cars, electronics, and liquor.
This means it will be cheaper for people in both countries to buy things from each other.
The deal should boost trade and make it easier for businesses.
India will also allow UK companies to bid on government projects.
Some products, like apples and certain alcohol, will still have taxes.
It's like two friends agreeing to share their toys and snacks more easily!
India and the UK signed a Comprehensive Economic and Trade Agreement (CETA) on July 24.
The agreement aims to double bilateral trade to USD 112 billion.
India will eliminate tariffs on 90% of UK goods, with some exclusions.
India is giving tariff concessions to the auto and alcohol sectors.
The deal includes provisions for government procurement, intellectual property, and services.
- Who
- India and the United Kingdom
- What
- A Comprehensive Economic and Trade Agreement (CETA).
- When
- July 24
- Where
- India and the UK
- Why
- To double bilateral trade and reduce tariffs.
India's Perspective
UK's Perspective
Market Access
India's Perspective
Concern over potential impact on domestic industries, especially the auto and alcohol sectors.
UK's Perspective
Opening up the market, and potential competition and innovation.
- Trade Agreement Name
- Comprehensive Economic and Trade Agreement (CETA)
- Target Trade Value
- USD 112 billion
- India's Major Exports to UK (FY2025)
- smartphones, aviation turbine fuel, pharmaceuticals
- UK's Major Exports to India (FY2025)
- gold bars, turbo-jets
- India's Tariff Reduction (UK goods)
- 90% of UK goods
- Tariff Concession Auto Sector
- Passenger cars
- Duty Cut Alcohol Sector
- Whisky, brandy, rum, vodka