The India-UK Free Trade Agreement (FTA) signed on July 24 by Prime Ministers Narendra Modi and Keir Starmer will cut trade tariffs from 15% to 3% and is expected to bolster business confidence in a volatile global environment, British MPs were told on Monday.UK Business and Trade Secretary Jonathan Reynolds briefed the House of Commons…
The India-UK Free Trade Agreement (FTA) will significantly improve market access and will boost bilateral trade by around USD 34 billion annually, the British government said on Thursday, hours before formalising the landmark deal. The FTA, billed as the UK’s most economically significant bilateral trade deal since leaving the European Union, will be signed in…
New Delhi: India’s duty cuts on British automobile imports are largely in the premium segment and the Carbon Border Adjustment Mechanism (CBAM) is not part of the bilateral free trade agreement, a UK official said. Under the India-UK FTA, tariffs for a limited quota of vehicles will be lowered to 10% from the current more…