India-UK Free Trade Agreement: A New Era of Economic Collaboration

The India-UK Free Trade Agreement (FTA) has been described as a landmark stride in fostering economic relations between the two nations by Harsh Pati Singhania, Chairman and Managing Director of JK Paper. He highlights that the FTA is poised to spur business expansion and bolster confidence among Indian enterprises.

Singhania emphasized that UK products gaining access to Indian markets and vice versa will drive growth. Importantly, the FTA addresses the social service tax issue for Indian professionals in the UK, easing financial burdens and contributing to an improved bilateral relationship. The CETA was formalized last week in a momentous ceremony attended by Indian Prime Minister Narendra Modi and UK Prime Minister Keir Starmer.

This agreement, a product of successful negotiations concluded in May 2025, holds global economic significance as it aligns the world's fourth and sixth largest economies. A key element involves duty-free access for 99% of Indian exports to the UK, benefiting industries like textiles and IT services. Furthermore, it simplifies visa procedures, enhancing opportunities for Indian professionals across various sectors.

(With inputs from agencies.)