india uk trade deal

India and the UK have finalized a significant free trade agreement. The agreement ensures duty-free access to UK markets for 99% of Indian exports. India will reduce import duties on 90% of tariff lines, benefiting consumers with lower prices on various goods.

India and the UK have finalized a Free Trade Agreement, poised to boost economic growth and trade relations. The agreement eliminates tariffs on approximately 99% of traded goods, benefiting sectors like manufacturing, textiles, and automotive. It also includes provisions for professional visas and reduced duties on products like Scotch whisky and cars, fostering job creation and deeper collaboration.

After three years of negotiations, India and the UK have finalized a trade agreement that eliminates tariffs on 99% of Indian exports and reduces duties on 90% of tariff lines. The deal includes exemptions from social security contributions for Indian workers on temporary visas, potentially saving them around 20% of their salary. PM Modi highlighted the agreement's potential to boost trade, investment, and job creation in both economies.

Industry organizations have lauded the India-UK Free Trade Agreement (FTA), anticipating significant support for Indian exporters aiming to expand in the UK market amidst global economic uncertainties. The FTA aspires to elevate bilateral trade to USD 100 billion by 2030, removing customs duties on 99% of Indian goods entering British markets.

India and the UK have finalized a comprehensive free trade agreement, excluding sensitive items like dairy, diamonds and smartphones. Indian textiles, gems, and auto parts will gain zero-duty access to the UK, while consumers may see cheaper Scotch and automobiles.

India and the United Kingdom have finalized a Free Trade Agreement (FTA) and a Double Contribution Convention, marking a significant advancement in their strategic alliance. Prime Minister Modi announced the agreement after discussions with UK Prime Minister Keir Starmer, highlighting its potential to boost trade, investment, and job creation.

The India-UK trade agreement brings optimism to Indian garment makers, offering a 10% duty cut and a level playing field against competitors like Bangladesh. This deal, expected to boost apparel exports and create jobs, also benefits sectors like gems, jewellery, and frozen prawns, potentially offsetting losses from US trade uncertainties.

The trade deal between India and the UK introduces a more relaxed visa system, benefiting Indian tech professionals and offering 1,800 annual visas for specific professions. Easier mobility rules and commitments for digitally delivered services are crucial aspects, alongside savings in social security contributions. India gains access for its professionals while opening procurement for British companies at the central level.

India and the UK have finalized the Free Trade Agreement (FTA) and Double Contribution Convention on Tuesday, hailed by Commerce Minister Piyush Goyal as a progressive step towards growth and innovation. Prime Minister Modi and UK Prime Minister Keir Starmer acknowledged the agreement's potential to enhance trade, investment, and employment.

The India-UK Free Trade Agreement is set to significantly benefit India's textile sector. Industry leaders anticipate increased exports and a stronger presence in the UK market. The agreement will create new opportunities for exporters and boost employment. Reduced tariffs are expected to drive demand for Indian textiles. Investment and ease of doing business are also likely to improve.

US President Donald Trump is set to unveil a significant trade agreement today with a nation speculated to be Britain. This move occurs amidst global economic concerns, as the Bank of England anticipates cutting interest rates. Britain, actively pursuing new partnerships post-Brexit, recently secured a trade deal with India.

Negotiations for the India-UK free trade agreement, along with a bilateral investment treaty and a social security agreement, are facing delays due to unresolved issues. Sticking points include the UK's carbon tax, India's data localization demands, and the inclusion of a sunset clause in the investment treaty. Despite progress, further meetings are needed to bridge the remaining gaps.

The newly signed India-UK Free Trade Agreement is poised to revolutionize the automotive sector. It slashes tariffs on British car imports to 10% under a quota system, making luxury brands like Jaguar Land Rover more accessible. Indian automakers also gain enhanced access to the UK market, with TVS Motor Company anticipating faster global expansion for Norton.

The Indian auto industry is cautiously responding to the FTA with the UK, anticipating reduced import duties. While component manufacturers are optimistic about increased exports, car companies are wary of potential tariff replications and the risk of Chinese parts being diverted through the UK.

Following the government's decision to reduce import duties to 75%, both Scotch and Indian-made blended whisky are set to become more affordable. This move is expected to significantly benefit Indian blenders and multinational companies, potentially leading to increased premiumisation within the Indian alcoholic beverage sector.

India is considering increasing fertiliser imports from the US to address trade imbalances and reduce reliance on countries like China and Russia. This move aligns with efforts to negotiate a trade agreement with the US, seeking better access for Indian exports in exchange for increased imports of American goods, including automobiles and farm products.

Amid US-China trade tensions, India and Japan could negotiate more favorable trade deals with the US. However, they are unlikely to jeopardize their significant trade relationships with China, which has warned against agreements detrimental to its interests.

The Bank of England is widely anticipated to cut its key interest rate to 4.25% amidst concerns over potential economic fallout from US tariffs. This decision, expected today, follows similar moves by the European Central Bank. Markets are keenly observing the central bank's communication for hints of further rate reductions.