Archive · 25 Jul 2025
India-UK Trade Pact Aims to Double Bilateral Trade
India and the UK made a new trade deal to help them trade more with each other.
They want to double the amount of trade they do.
This means it will be easier and cheaper for businesses to buy and sell goods between the two countries.
India will lower its taxes (tariffs) on products from the UK.
This agreement also makes it easier for Indian workers in certain fields, like IT, to work in the UK.
It also helps Indian businesses by allowing them to send more products to the UK without paying taxes.
India and the UK signed a Comprehensive Economic and Trade Agreement to boost trade.
The goal is to double bilateral trade, currently around $56 billion.
The UK-India Vision 2035 aims for deeper engagement in areas like defense and technology.
India will lower tariffs substantially to integrate with developed countries and attract investment.
The agreement provides duty-free access for 99% of India's exports to the UK.
- Who
- India and the UK
- What
- India and the UK signed a Comprehensive Economic and Trade Agreement.
- When
- Thursday
- Where
- Between India and the UK
- Why
- To open up markets, encourage investment, and deepen relationships between the two countries.
India
US
Tariffs
India
Views the trade agreement as a way to integrate more closely with developed countries.
US
Criticized India’s high tariff walls
- Agreement Type
- Comprehensive Economic and Trade Agreement
- Goal
- Double bilateral trade
- Current Trade Value
- $56 billion (approx.)
- UK Tariff Reduction
- Average tariffs on British products will fall from 15% to 3%
- India's Export Access
- Duty-free access for 99% of exports to the UK
- Key Areas
- IT, financial, legal, professional and educational services