India and the United Kingdom on Tuesday (6 May 2025) concluded an ambitious free trade agreement along with a convention with a double contribution with Prime Minister Narendra Modi that the conservation of monuments catalyzes trade, investment, growth and job creation in both economies. | Photo Credit: Getty Images/Istockphoto
India and the United Kingdom on Tuesday (6 May 2025) concluded an ambitious free trade agreement along with a convention with a double contribution with Prime Minister Narendra Modi that the conservation of monuments catalyzes trade, investment, growth and job creation in both economies.
Followed by the peaks of the free trade agreement in India, Charles University and the Pact of the Convention on Double Contribution.
The most important events of the free trade agreement in India UK
99% of Indian exports benefits from zero duty on the British market.
The Indian import obligation will be reduced and locked up to 90% of the customs lines, 85% of them will become fully without customs within ten years.
India decreases tariff for: whiskey, medical devices, advanced machines and lambs
Goods with reduced import obligations for Indian consumers: cosmetics, air and air gap, lamb
Products with cheaper prices for British shoppers: clothing, shoes and food products including frozen shrimp
Car tariffs will go from more than 100% to 10% within quota
A three -year exception to social security payments for Indian employees working in the UK
Export opportunities for industry -intensive industries such as textiles, marine products, leather, shoes, sports goods and toys, gems and jewelry, engineering goods, automatic parts and engines and ecological chemicals
Mr. Modi made a notice of agreements after a telephone conversation with his British counterpart Keir Starmer.
“In the historical milestone of India and Great Britain, they have successfully concluded an ambitious and mutually beneficial free trade agreement along with a two -party convention,” Modi said in a post on social media.
Published – May 6, 2025 20:04
