Archive · 23 Jul 2025
India and UK to Sign Landmark Trade Agreement
India and the UK are making a big trade deal!
They plan to sign an agreement that will make it easier for businesses in both countries to sell their goods.
This means fewer taxes (tariffs) on things going back and forth between India and the UK.
The goal is to make it cheaper to buy things from each other and boost trade to $120 billion by 2030.
The deal was agreed on in May but is now ready to be officially signed.
India and the UK are set to sign a Comprehensive Economic and Trade Agreement (CEPA).
The agreement was approved by the Union Cabinet on Tuesday and will be signed on Thursday.
The deal aims to eliminate or reduce tariffs on imports and exports between the two nations.
The goal is to increase trade to USD 120 billion by 2030.
The deal was announced on May 6 and the full text was pending final legal review.
- Who
- India and the United Kingdom.
- What
- A Comprehensive Economic and Trade Agreement (CEPA).
- When
- The deal will be signed on Thursday.
- Where
- In the UK.
- Why
- To eliminate or reduce tariffs and increase trade between the two nations.
- Agreement Name
- Comprehensive Economic and Trade Agreement (CEPA)
- Signatories
- India and the UK
- Date of Signing
- Thursday
- Objective
- Reduce tariffs and increase trade
- Target Trade Value
- $120 billion by 2030