Archive · 24 Jul 2025
India, UK Set to Sign Landmark Free Trade Agreement
The UK and India are making a big trade deal!
They will sign an agreement to make it easier for businesses to buy and sell things between the two countries.
This means taxes (tariffs) on items like whisky and cars will go down, potentially making them cheaper.
Both countries hope to trade a lot more in the future, boosting their economies.
The deal also includes easier rules for some workers to work in the other country temporarily.
This is a big step for the UK as it works on trade deals after leaving the EU.
UK and India to sign a landmark free trade agreement during PM Modi's visit.
The deal aims to increase bilateral trade by $34 billion by 2040.
Tariffs on Scotch whisky will drop, and car duties will be reduced.
Indian manufacturers will gain access to the UK market for electric and hybrid vehicles.
The agreement represents the most significant trade deal for Britain since leaving the EU.
- Who
- Leaders of the UK and India.
- What
- UK and India to sign a landmark free trade agreement.
- When
- The agreement will be signed on Thursday during PM Modi's visit.
- Where
- The agreement is between the UK and India.
- Why
- To cut tariffs, boost trade, and allow more market access for businesses.
India
UK
CBAM
India
Sought exemption from UK's Carbon Border Adjustment Mechanism (CBAM)
UK
Didn't succeed in getting exemption from CBAM.
- Trade Agreement Goal
- Increase bilateral trade by $34 billion by 2040
- Whisky Tariffs
- Drop to 75% immediately, then to 40% over a decade
- Car Duties
- India to cut duties to 10% under a quota system
- Scope of Agreement
- Includes textiles, cars, and services, excludes visas
- Deal's Impact
- Britain's most significant trade deal since leaving the EU