Brief by Shorts91 NewsDesk / 08:37pm on 26 Jul 2025,Saturday India Global
Commerce Minister Piyush Goyal hailed the India–UK Free Trade Agreement (FTA) as a “gold standard,” offering preferential access for Indian exports while safeguarding sensitive sectors like dairy, rice, and sugar. The pact boosts labour-intensive industries like textiles, footwear, gems and opens doors for high-quality UK goods. However, Goyal warned that India will “react and retaliate” if the UK’s proposed Carbon Border Adjustment Mechanism (CBAM), set for 2027, harms Indian export interests. Though CBAM isn’t part of the legal text, India issued a diplomatic note reserving its right to rebalance. Both nations also plan joint efforts on critical minerals and advanced technologies under Vision 2035.
