Archive · 24 Jul 2025
India and UK Ink Historic Trade Deal to Boost Bilateral Trade
India and the UK have made a deal to trade goods more easily.
This means that taxes on things like clothes, cars, and food going between the two countries will be lower.
It will help Indian farmers sell more to the UK and make it easier for British companies to sell their products in India.
This should lead to more jobs, lower prices for some items, and more business between the two countries, benefiting both India and the UK.
India and the UK signed a Free Trade Agreement (FTA), aiming to boost bilateral trade.
The FTA is expected to eliminate tariffs on nearly 99% of Indian exports to the UK and reduce tariffs on British goods entering India.
The agreement will make British whisky, cars, and other products more accessible in India and Indian agricultural products to UK markets.
The deal is anticipated to create jobs and unlock new opportunities for businesses in both countries.
The FTA will increase bilateral trade by approximately $34 billion annually and potentially double trade by 2030.
- Who
- Commerce Minister Piyush Goyal and his British counterpart signed the agreement in the presence of Prime Ministers Narendra Modi and Keir Starmer.
- What
- India and the UK signed a Free Trade Agreement.
- When
- The agreement was signed on Thursday.
- Where
- The agreement was signed in London.
- Why
- To boost bilateral trade, reduce tariffs, and create jobs.
Farmers' Perspective
Consumers' Perspective
Agricultural Sector
Farmers' Perspective
Indian farmers are expected to gain more access to British markets, which would increase profit margins.
Consumers' Perspective
To protect domestic farmers, dairy products, apples, oats, and edible oils will have no tariff concessions.
- Agreement
- India-UK Free Trade Agreement (FTA)
- Signatories
- Commerce Minister Piyush Goyal and British counterpart Jonathan Reynolds
- Expected Trade Boost
- USD 34 billion annually
- Indian Exports Tariff Elimination
- 99%
- Expected Bilateral Trade Increase by 2030
- $120 billion
- British goods tariff reduction
- 15% to 3%
Sources
India-UK Trade Deal Set to Slash Prices and Create Thousands of Jobs, Say PMs Modi and Starmer
Historic India-UK Free Trade Pact Signed, Indian Farmers To Benefit Most
India, UK ink comprehensive trade deal
PM Modi in London LIVE: India and UK sign free trade agreement, aims to boost bilateral trade by $34 billion annually