Archive · 25 Jul 2025
India-UK FTA Finalized; RBI Governor Welcomes the Pact
India and the UK have made a deal to trade more goods and services with each other.
This deal, called an FTA, was finished about two weeks before Prime Minister Modi visited the UK.
The deal aims to make it easier and cheaper to buy and sell things between the two countries, potentially increasing trade by billions of dollars.
The RBI Governor said it's a good step for India, opening up new opportunities for businesses.
The agreement was signed at the British Prime Minister's country house, Chequers.
This agreement is expected to help various Indian industries grow.
India and the UK finalized a Free Trade Agreement (FTA), also known as the Comprehensive Economic and Trade Agreement (CETA).
The FTA was signed during Prime Minister Modi's visit to the UK, with the signing taking place at Chequers, the British Prime Minister's country residence.
The agreement covers approximately 30 chapters and was finalized about 10 days before Modi's visit.
The RBI Governor, Sanjay Malhotra, welcomed the FTA, expecting it to boost various sectors of the Indian economy and encourage similar deals with other countries.
The FTA is expected to increase bilateral trade by $34 billion annually, enhancing trade volumes and opening new opportunities for Indian businesses.
- Who
- The FTA was signed by India and the UK.
- What
- India and the UK signed a Free Trade Agreement (FTA).
- When
- The FTA was signed during PM Modi's visit, with the deal finalized roughly 10 days prior.
- Where
- The signing took place at Chequers, the British Prime Minister's residence.
- Why
- The FTA is expected to boost trade and open up new avenues for businesses.
- Agreement Name
- Comprehensive Economic and Trade Agreement (CETA)
- Countries Involved
- India and the United Kingdom
- Expected Trade Increase
- $34 billion annually
- RBI Governor
- Sanjay Malhotra
- Deal Venue
- Chequers, UK
- Chapters in Deal
- Approximately 30
