India signs Free Trade Agreement with UK

New Delhi: The Prime Ministers of India and the United Kingdom announced that both nations have completed a free trade agreement. Prime Minister Narendra Modi in a social media post welcomed the successful conclusion of the India–UK Free Trade Agreement along with the Double Contribution Convention.

“Prime Minister Shri Narendra Modi and Prime Minister of the United Kingdom H.E. Sir Keir Starmer had a telephone conversation today. The two leaders welcomed the successful conclusion of an ambitious and mutually beneficial India–UK Free Trade Agreement along with the Double Contribution Convention,” a statement released by the government said.

The trade agreement between India and the UK could lead to significant tariff cuts on scotch whisky and car exports to India, offering a boost to two key UK industries hit hard by Donald Trump’s tariffs in the US.

The UK began free trade talks with India in January 2022, viewing the deal as one of Brexit’s most valuable opportunities. However, multiple Conservative-led governments have failed to finalise the agreement despite efforts to secure it swiftly.