Archive · 24 Jul 2025
India and UK Sign FTA, Targeting $112 Billion Trade by 2030
India and the UK made a deal to trade more with each other.
They want to sell twice as much stuff back and forth by 2030, reaching $112 billion.
India will be able to sell more textiles and leather goods to the UK.
In return, British cars and whiskey will become cheaper in India.
The people making the deal even had some fun along the way, including one instance where a British negotiator missed their flight because they had to rush back to negotiate.
A British negotiator gave a gift to an Indian minister who liked the British show 'Yes Minister'.
India and the UK signed a Free Trade Agreement (FTA) on Thursday.
The agreement aims to double bilateral trade to $112 billion by 2030.
The deal will boost exports from sectors such as textiles and leather.
British negotiators gifted Indian Minister Piyush Goyal a note from a 'Yes Minister' co-creator.
Negotiations included humorous moments, like yoga breaks and a missed flight.
- Who
- Indian Commerce Minister Piyush Goyal and UK Secretary of State for Business and Trade Jonathan Reynolds
- What
- India and the UK signed a Free Trade Agreement.
- When
- Thursday
- Where
- Not explicitly mentioned in the articles
- Why
- To double bilateral trade to USD 112 billion by 2030.
- Agreement
- Free Trade Agreement (FTA)
- Signatories
- Piyush Goyal, Jonathan Reynolds
- Trade Goal
- Double trade to $112 billion by 2030
- Key Exports Boost
- Textiles, leather
- Agreement Coverage
- 99% of Indian exports