Historic India-UK Trade Deal: A New Era in International Trade
The signing of the India-UK free trade agreement marks a historic milestone, hailed by Union Home Minister Amit Shah. This pact, aiming to enhance bilateral trade relationships, includes significant duty concessions, while excluding sensitive products like dairy, offering a promising future for both nations.
- Country:
- India
The landmark India-UK Free Trade Agreement (FTA) was signed, marking a significant milestone in the economic relations between the two nations. Union Home Minister Amit Shah lauded the agreement as a 'historic' moment, promising vast opportunities for traders and citizens of both countries.
This comprehensive deal aims to slash tariffs, granting duty-free access to 99% of Indian exports to the UK, while offering similar concessions to British products, except for sensitive segments like dairy products. The agreement also holds the vision of strengthening the bilateral relationship further.
The trade deal, described as a new era in global trade, is expected to unlock thousands of jobs, foster economic growth, and pave the way for future collaborations between India and the United Kingdom.
(With inputs from agencies.)
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