Archive · 24 Jul 2025
India and UK Sign Historic Free Trade Pact
India and the UK made a big deal to trade more goods.
They signed a Free Trade Agreement (FTA) to make it easier to buy and sell things between their countries.
This means lower taxes on things like cars and whiskey, and it helps businesses in both places.
The goal is to double the amount of trade by 2030 and create more jobs.
This agreement is a significant step, expected to increase trade by at least $20 billion.
India and the UK signed a free trade agreement (FTA) to increase market access and cut tariffs.
The FTA is expected to double bilateral trade by 2030 and benefit 99% of Indian exports.
The deal is the UK's largest since leaving the EU and India's first with a European economy.
The agreement will create new opportunities for Indian agricultural produce and MSMEs.
The deal is expected to increase trade by at least $20 billion and create jobs.
- Who
- Prime Minister Narendra Modi and UK Prime Minister Keir Starmer signed the agreement.
- What
- India and the UK signed a free trade agreement (FTA).
- When
- The agreement was signed recently, with a date of July 24, 2025, mentioned.
- Where
- The agreement was signed between India and the United Kingdom.
- Why
- To increase market access, cut tariffs, and double bilateral trade by 2030.
Potential Economic Benefits
Potential Economic Benefits
Market Access
Potential Economic Benefits
Increased market access for Indian goods.
Potential Economic Benefits
Increased market access for UK goods.
- Agreement Type
- Free Trade Agreement (FTA)
- Countries Involved
- India and United Kingdom
- Goal
- Double bilateral trade by 2030
- Expected Trade Increase
- At least $20 billion
- Key Benefit for UK
- Largest trade deal since Brexit
- Benefit to India
- First FTA with a European economy
