India-UK Free Trade Agreement: A Historic Milestone

India and the United Kingdom have finalized a historic multi-billion-pound free trade agreement, marking a significant step towards economic collaboration. The deal promises to eliminate tariffs on 90% of goods, boosting bilateral trade and economic growth for both nations.

What is a Free Trade Agreement? It's a pact between countries to reduce or eliminate customs duties and non-tariff barriers, facilitating easier trade and investment flows.

Key Benefits of the India-UK FTA

The agreement is projected to contribute £4.8 billion annually to the UK's economy by 2040, with similar benefits for India. Key sectors like IT, financial services, and education stand to gain significantly.

15 Highlights of the India-UK Free Trade Agreement

From duty-free access for 99% of Indian exports to the UK, to reduced tariffs on whisky and automotive parts, the deal covers a wide range of sectors. It also includes provisions for easier movement of skilled professionals and measures to address non-tariff barriers.