Prime Minister Narendra Modi endorsed the India-UK Free Trade Agreement through social media endorsement on Friday. The leader shared a MyGovIndia post describing the Comprehensive Economic and Trade Agreement as transformative for bilateral economic relations. Modi highlighted the pact's potential impact across multiple sectors and demographics. The agreement emerged from his recent United Kingdom diplomatic mission. Officials project the deal will generate $34 billion in additional annual trade between the two nations.
India will reduce tariffs on 90 percent of British goods while Britain eliminates duties on 99 percent of Indian products. The arrangement benefits Indian consumers through lower prices on whisky, luxury vehicles, cosmetics, and medical equipment. Indian textile and leather exporters gain competitive advantages through zero-duty access. Agricultural producers receive equal treatment with German and other European exporters. UK Prime Minister Keir Starmer praised the agreement for creating British employment opportunities and stimulating nationwide economic growth.
India will reduce tariffs on 90 percent of British goods while Britain eliminates duties on 99 percent of Indian products. The arrangement benefits Indian consumers through lower prices on whisky, luxury vehicles, cosmetics, and medical equipment. Indian textile and leather exporters gain competitive advantages through zero-duty access. Agricultural producers receive equal treatment with German and other European exporters. UK Prime Minister Keir Starmer praised the agreement for creating British employment opportunities and stimulating nationwide economic growth.
