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The India-UK Free Trade Agreement is a bilateral trade pact signed between the governments of India and the United Kingdom.
According to CNBC-TV18, the agreement marks the UK's most significant bilateral trade deal since leaving the EU, with both countries agreeing to unveil the "UK-India Vision 2035" to take their economic ties forward. The pact includes tariff reductions and concessions on goods and services, with India set to lower its average tariff on British goods from 15% to 3%. The agreement was signed during a visit by Indian Prime Minister Narendra Modi to the UK, with UK Prime Minister Keir Starmer. According to an Instagram post by Newsx, the deal is a historic trade milestone, with 99% of Indian goods entering the UK duty-free. According to an article by Business Standard, the two countries will benefit from the agreement, with details discussed in a YouTube video featuring PM Modi and Keir Starmer. CNBC-TV18