Prime Minister Narendra Modi travels to the United Kingdom this week alongside Commerce and Industry Minister Piyush Goyal for the formal signing of the bilateral free trade agreement. UK Prime Minister Keir Starmer extended the invitation for Modi's official visit from July 23 to 24. This represents Modi's fourth journey to Britain as head of government. The leaders finalized their comprehensive trade pact on May 6 following direct telephone negotiations. Officials project the agreement will expand bilateral commerce to $120 billion by 2030.
The trade deal eliminates tariffs on 99 percent of Indian exports to Britain. Indian manufacturers in textiles, leather goods, jewelry, and engineering products gain enhanced market access. Service sectors such as information technology, finance, and education receive expanded opportunities. Indian workers receive temporary exemption from UK social security payments for three years. Britain secures reduced duties on whisky and electric vehicles entering Indian markets.
The trade deal eliminates tariffs on 99 percent of Indian exports to Britain. Indian manufacturers in textiles, leather goods, jewelry, and engineering products gain enhanced market access. Service sectors such as information technology, finance, and education receive expanded opportunities. Indian workers receive temporary exemption from UK social security payments for three years. Britain secures reduced duties on whisky and electric vehicles entering Indian markets.
