Archive · 23 Jul 2025
India, UK Set to Sign Long-Awaited Free Trade Agreement
India and the UK are making a big trade deal to help each country's businesses.
It means easier trading between the two countries.
This new deal has been worked on for over two years and will cover many different things like trade of goods, services, and investments.
The government says it will help businesses.
Some details, like taxes on certain items, are going to be lowered.
For example, taxes on whisky from Scotland and cars from other countries will be less.
The agreement is expected to be signed soon, but the full details will come out later.
The deal has to be approved by the UK parliament before it officially starts.
India and the UK are set to sign a free trade agreement (FTA) on Thursday.
The FTA covers 27 chapters and aims to boost market access and investment.
The final text might not be immediately public due to ongoing legal review.
Key sectors expected to benefit include textiles, footwear, and auto components.
The FTA includes reduced duties on Scotch whisky and automobiles.
- Who
- India and the United Kingdom.
- What
- India and the UK are set to sign a free trade agreement.
- When
- The deal is expected to be signed on Thursday morning (UK time).
- Where
- The agreement is between India and the United Kingdom.
- Why
- To boost market access, investment and foster economic growth.
Stakeholders
Legal Review
Transparency of the Deal
Stakeholders
Industry, lawmakers, and civil society want transparency.
Legal Review
The final text will be released later after legal scrubbing is complete.
- FTA Chapters
- 27
- Sectors to Benefit
- Textiles, footwear, auto components, etc.
- Scotch Whisky Duty Reduction
- From 150% to 75% initially, then to 40% over 10 years
- Automobile Duty Reduction
- From 100% to 10%
- India's Exports to UK (FY24)
- $12.98 billion
- India's Exports to UK (FY25)
- $14.55 billion