UK and India Sign Groundbreaking Free Trade Agreement
In a historic move set to reshape economic relations, the UK and India have officially signed a comprehensive free trade agreement (FTA). The deal, finalised by Prime Minister Keir Starmer and his Indian counterpart Narendra Modi, marks a significant milestone in bilateral trade.
Key Benefits of the Agreement
The landmark agreement is expected to:
- Boost UK exports to India by reducing tariffs on key goods
- Create new opportunities for British services firms in India's growing market
- Strengthen supply chains between the two nations
- Enhance cooperation in technology and innovation sectors
What This Means for Businesses
British manufacturers, particularly in the automotive, whisky and pharmaceutical sectors, stand to gain significantly from reduced tariffs. The deal also opens doors for UK financial and professional services companies seeking to expand in India.
"This agreement represents a new chapter in UK-India relations," said Prime Minister Starmer. "It will create jobs, drive growth and bring tangible benefits to businesses and consumers in both our countries."
Consumer Impact
UK shoppers can expect:
- More affordable Indian goods, from textiles to spices
- Greater choice in the UK market
- Potential price reductions on some imported products
The deal comes after two years of intensive negotiations and is seen as a major achievement for the new UK government's trade policy agenda.
