Brief by Shorts91 Newsdesk / 01:51pm on 24 Jul 2025,Thursday India Global
India and the UK signed a landmark Free Trade Agreement (FTA) on 24 July 2025, offering zero-duty access to 99% of Indian exports — spanning textiles, leather, chemicals, pharmaceuticals, and engineering goods — boosting market competitiveness . In return, the UK secures significant tariff cuts on whisky, cars, cosmetics, and EVs, including an immediate drop in petrol duties . The deal also enhances professional mobility, grants UK firms access to Indian public procurement, and includes a social security agreement benefiting temporary business visitors . It is projected to increase bilateral trade by ~£25.5 billion by 2040, pending parliamentary ratification. (PC: X)
