Brief by Shorts91 Newsdesk / 11:59am on 23 Jul 2025,Wednesday Business
India and the UK are set to finalize a landmark Free Trade Agreement during PM Modi’s July 24 visit to London. The deal will eliminate tariffs on ~99% of Indian exports to the UK—including textiles, leather, gems, marine products, auto parts, and organic chemicals—and phase out duties on 90% of UK goods imported into India, with 64% cut immediately . Key sector wins include zero‑duty access for labour‑intensive industries and improved services mobility. Scotch whisky and cars see staged tariff cuts, while provisions include enhanced market access, professional visa movement, and streamlined procurement . The pact aims to double bilateral trade to $120 bn by 2030, pending legislative ratification in both nations. (PC: ANI)
