Source link : https://www.mondialnews.com/2025/07/23/india-and-uk-poised-to-strike-free-trade-deal-slashing-tariffs-on-whisky-and-garments-during-modis-visit/
India and the United Kingdom are set to sign a landmark free trade agreement during Prime Minister Narendra Modi’s upcoming visit to the UK, officials have confirmed. The deal aims to significantly reduce tariffs on key goods, including Indian garments and British whisky, signaling a new phase of economic cooperation between the two nations. The agreement is expected to boost bilateral trade and strengthen ties as both countries seek closer partnership post-Brexit.
India and UK Set to Finalize Free Trade Agreement Strengthening Bilateral Economic Ties
The upcoming agreement between India and the United Kingdom marks a significant step toward deepening economic collaboration between the two nations. The pact, expected to be signed during Prime Minister Narendra Modi’s visit, aims to dismantle tariff barriers on a variety of key products, including Indian textiles and UK whisky. Industry experts anticipate this will not only boost cross-border trade but also stimulate investments and job creation in sectors critical to both economies.
Key elements of the deal include:
- Reduction of tariffs on Indian garments, enhancing access to the UK market.
- Elimination of levies on UK whisky, benefiting British exporters.
- Simplified customs procedures to speed up trade flow.
- Enhanced cooperation in technology, pharmaceuticals, and financial services.
| Sector | Current Tariff | Post-Agreement Tariff | Expected Impact |
|---|---|---|---|
| Textiles (India → UK) | 10% | 0% | Market expansion & employment… |
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Author : Noah Rodriguez
Publish date : 2025-07-23 16:04:00
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