Archive · 24 Jul 2025
India-UK Free Trade Deal to Lower Costs for British Goods
India and the UK made a deal called a Free Trade Agreement!
This means it will be cheaper to bring things like scotch and gin from the UK to India, but it will take ten years to get the lowest prices.
Also, things like makeup from the UK will be cheaper in India.
Some Indian liquor companies worry this could hurt their business.
The deal is expected to help British brands sell more products in India and give Indian shoppers more choices.
India and the UK signed a Free Trade Agreement (FTA).
Import duties on scotch whisky and gin will decrease over ten years.
UK cosmetics and personal care products will see reduced import duties.
Domestic liquor companies have expressed concerns about the FTA's impact.
Experts predict increased competition and market access for British brands.
- Who
- India and the UK.
- What
- India and the UK signed a Free Trade Agreement reducing import duties.
- When
- The agreement was signed on Thursday.
- Where
- India and the UK.
- Why
- To boost trade and market access between the two countries.
Domestic Liquor Industry Concerns
Benefits for UK and Indian Businesses
Impact on Domestic Alcohol Companies
Domestic Liquor Industry Concerns
The interests of the domestic alcohol industry were not reflected in the trade deal.
Benefits for UK and Indian Businesses
The FTA will positively impact the accessibility of premium scotch whisky in India.
- FTA Signed
- India-UK
- Scotch Duty (Year 1)
- 110%
- Scotch Duty (Year 10)
- 75%
- Cosmetics Duty Drop
- 15% to 3%
- UK Cosmetics Imports (2024)
- $34.40 million