More
    HomeHomeExplained: Why India-UK free trade agreement is a big deal for both...

    Explained: Why India-UK free trade agreement is a big deal for both nations

    Published on

    spot_img


    India and the United Kingdom have formally sealed a Comprehensive Economic and Trade Agreement, a deal described as the “biggest, most economically significant trade deal that the UK has made since leaving the EU.” Finalised after 14 rounds of talks, the pact aims to boost bilateral trade from $57 billion in 2024 to $120 billion by 2030. Under the agreement, 99% of Indian products, including textiles, footwear, and food products, will get duty-free access to the UK market. For the UK, the deal reduces 90% of tariffs on its exports to India. Tariffs on UK-made cars will be reduced from over 100% to 10% under a quota system, and duties on Scotch whisky will fall from 150% to 75% immediately. The agreement also liberalises 36 service sectors and allows easier labour mobility for professionals like yoga instructors and chefs.



    Source link

    Latest articles

    पोलैंड पर ड्रोन हमले का NATO लेगा बदला? अटैक से रूस ने झाड़ा पल्ला

    पुतिन की सेना ने नाटो के सदस्य देश पर हमला कर दिया है....

    Rail minister asks RLDA to take up housing projects on land parcels for young employees | India News – The Times of India

    NEW DELHI: Railway minister Ashwini Vaishnaw has asked the Rail Land...

    Inside J.Crew’s 190 Bowery Takeover—An Immersive Cashmere-Filled House Party

    Martha Stewart, Mark Ronson, Chloe Fineman, Anna Sawai, and Cazzie David turned up;...

    More like this

    पोलैंड पर ड्रोन हमले का NATO लेगा बदला? अटैक से रूस ने झाड़ा पल्ला

    पुतिन की सेना ने नाटो के सदस्य देश पर हमला कर दिया है....

    Rail minister asks RLDA to take up housing projects on land parcels for young employees | India News – The Times of India

    NEW DELHI: Railway minister Ashwini Vaishnaw has asked the Rail Land...