Archive · 24 Jul 2025
India and UK Ink Historic Free Trade Deal, Aiming to Double Trade
India and the UK have made a deal to trade more easily!
This means they will remove taxes on many goods, making them cheaper to buy and sell between the two countries.
This should boost business, help people find jobs, and give businesses more opportunities.
It's like making a special friendship that makes it easier for both sides to share and grow their businesses.
Companies will be able to sell more products in each other's countries, with lower tariffs on goods like cars, jewelry, and chemicals.
India and the UK signed a Free Trade Agreement (FTA) expected to double trade by 2030.
The agreement will eliminate tariffs on approximately 99% of Indian goods entering the UK.
The FTA is anticipated to increase chemical exports from India to the UK by 30-40% in the next fiscal year.
Indian companies expect increased investment and market access in the UK.
Gems and jewellery exports are expected to surge, potentially reaching $2.5 billion within three years.
- Who
- India and the United Kingdom
- What
- India and the UK signed a Free Trade Agreement (FTA).
- When
- The FTA was signed on July 24, 2025.
- Where
- The agreement was signed in London, UK.
- Why
- To boost trade, investment, and create opportunities for businesses and individuals in both countries.
Advocates
Beneficiaries
Market Access
Advocates
Increased market access for Indian goods
Beneficiaries
Increased market access for UK goods
Investment
Advocates
Increased investment opportunities for Indian businesses in the UK
Beneficiaries
Increased investment opportunities for UK businesses in India
- Expected Trade Increase
- Double by 2030
- UK Tariff Reduction for Indian Goods
- Elimination on ~99% of tariff lines
- India's Chemical Exports to UK
- Expected to reach $650-750 million next fiscal year
- Current Value of India's Gems and Jewellery Exports to the UK
- $941 million
- Gems and Jewellery Export Growth Forecast
- USD 2.5 billion within 3 years
Sources
Post-FTA, India’s gems and jewellery exports to the UK are expected to double
India-UK Free Trade Agreement: Corporate India hails strategic economic partnership
India UK FTA Live Updates: ‘Historic day’ for India, UK as countries sign FTA
Sunil Mittal calls India-UK FTA ‘nicely balanced, perhaps more in favour of India’ - CNBC TV18