On May 6, 2025, India and the United Kingdom concluded a landmark Free Trade Agreement (FTA) after over three years of negotiations. This historic pact aims to double bilateral trade from the current $60 billion to $120 billion by 2030, marking a significant milestone in the economic relations between the two nations .

🔑 Key Highlights of the FTA:

Tariff Reductions: The agreement eliminates import duties on approximately 99% of Indian exports to the UK, including textiles, food products, and jewelry . Conversely, India will reduce tariffs on British goods such as automobiles, Scotch whisky, and medical devices.

Boost to Textile Industry: Indian textile exporters are poised to benefit significantly, with increased access to the UK market and improved profit margins .

Enhanced Mobility: The FTA introduces streamlined visa processes for professionals, including business visitors and independent professionals, facilitating greater workforce mobility between the two countries .

Economic Growth: The deal is projected to boost bilateral trade by £25.5 billion annually by 2040 and add £4.8 billion to the UK economy each year .

🤝 Leaders' Endorsements:

British Prime Minister Keir Starmer hailed the FTA as the UK's most significant trade deal since Brexit, emphasizing its potential to create jobs and stimulate economic growth. Indian Prime Minister Narendra Modi described the agreement as a catalyst for trade, investment, and innovation in both economies .

🌍 What This Means for Businesses:

For Indian exporters, the FTA opens up unprecedented opportunities to expand into the UK market with reduced trade barriers. British companies, in turn, gain enhanced access to one of the world's fastest-growing economies, paving the way for increased collaboration and investment.

We're on it

At Britaccord, we are committed to helping businesses navigate and capitalize on the opportunities presented by this transformative agreement. Whether you're an Indian manufacturer aiming to enter the UK market or a British company seeking partnerships in India, our expertise in import, marketing, and distribution can guide your journey.

Ready to explore new horizons? Contact us today to learn how we can support your business growth in this new era of India–UK trade relations.