India-UK Forge Historic Free Trade Agreement Paving the Path to Prosperity

The landmark India-UK free trade agreement, expected to boost bilateral trade by USD 34 billion annually, represents the UK's most economically vital trade deal since its exit from the European Union. This agreement is poised to greatly enhance market access and foster economic growth in both countries.

Signed in the presence of Indian Prime Minister Narendra Modi and British Prime Minister Keir Starmer, the agreement aims to reduce average tariffs on British goods imported by India from 15% to 3%. This reduction will enhance consumer access to British products ranging from cosmetics to cars and medical devices.

Additionally, the UK-India Vision 2035 will expand the partnership beyond trade, involving mutual commitments to defense cooperation, climate change mitigation, and educational exchanges. This comprehensive partnership is expected to create thousands of British jobs and stimulate growth across the UK.

(With inputs from agencies.)