Archive · 24 Jul 2025
UK and India Seal Landmark FTA, Boosting Trade and Jobs
The UK and India are making a big trade deal!
They're going to sign an agreement that will make it cheaper to buy things like clothes and food, which means more jobs and growth in the UK.
India will lower the taxes (tariffs) they put on UK products, and the UK will do the same.
Both countries will work together more on things like defense and helping each other with crime.
This deal is expected to bring in billions and help both countries' economies grow.
UK and India are set to sign a Free Trade Agreement (FTA).
The FTA aims to create jobs, boost growth, and cut tariffs on goods.
Nearly GBP 6 billion in new investment and export developments are expected.
The agreement includes closer collaboration on various strategic areas.
Both countries will enhance cooperation in tackling corruption and crime.
- Who
- UK Prime Minister Keir Starmer and Indian Prime Minister Narendra Modi.
- What
- A Free Trade Agreement between the UK and India.
- When
- Talks and signing took place on July 24, 2025.
- Where
- Chequers (UK Prime Minister's country residence) and across the UK and India.
- Why
- To boost jobs, growth, and reduce tariffs.
- Investment & Exports
- Nearly GBP 6 billion
- India's Tariff Reduction
- Average tariff on UK products to drop from 15% to 3%
- UK GDP increase (long term)
- GBP 4.8 billion annually
- Increase in UK exports to India
- Nearly 60% in the long run
- Bilateral trade increase (long run)
- Nearly 39% a year
- Whisky Tariff Reduction
- From 150% to 75% immediately, down to 40% in 10 years