Archive · 24 Jul 2025
UK and India Set to Sign Landmark Trade and Cooperation Deals
The UK and India are making a big trade deal!
This means it will be easier and cheaper for businesses to buy and sell goods between the two countries.
The UK PM says it's a big win and will create jobs in Britain.
Some goods like clothes, shoes, and whisky will get cheaper for people in both countries.
The deal also includes a plan to work together on things like defense, technology and the environment.
Both countries hope to make more money and grow together with this new deal.
UK and India are set to sign a Free Trade Agreement (FTA), termed a 'major win' by UK PM Starmer.
The FTA aims to reduce tariffs on UK products sold in India, and vice-versa, including whisky.
The agreement will boost bilateral trade and create thousands of jobs in the UK.
The FTA is expected to increase UK exports to India by nearly 60% in the long run.
A new 'UK-India Vision 2035' agreement will also be signed to enhance collaboration in defense, technology, and climate.
- Who
- UK PM Keir Starmer and Indian PM Narendra Modi.
- What
- A Free Trade Agreement (FTA) and 'UK-India Vision 2035' agreement.
- When
- Signed on Thursday.
- Where
- Chequers, UK
- Why
- To boost trade, create jobs, and increase cooperation between the UK and India.
Impact on UK Economy
Impact on India Economy
Economic impact
Impact on UK Economy
Deal is expected to increase UK exports, boost GDP, and raise wages.
Impact on India Economy
Deal is expected to increase UK exports, boost GDP, and raise wages.
- FTA Goal
- Increase bilateral trade by 39%
- Estimated GDP Increase
- GBP 4.8 billion annually (long term)
- UK Exports Increase to India
- Nearly 60% (long run)
- New Investment and Export Wins
- Nearly GBP 6 billion
- India's Tariff Reduction on UK products
- From 15% to 3%
- Whisky Tariff Reduction
- From 150% to 75% immediately, further to 40% (over a decade)
