Historic Free Trade Pact Unites UK and India

The UK India Business Council celebrates the signing of a landmark free trade pact between the UK and India, expected to unlock significant trade and investment opportunities. The agreement, witnessed by Prime Ministers Modi and Starmer, promises market access, tariff reductions, and economic growth for both nations.

On Thursday, the UK India Business Council hailed the signing of a groundbreaking free trade agreement between the UK and India, emphasizing its potential to unlock unprecedented trade and investment opportunities.

Prime Minister Narendra Modi, during his visit to the UK, witnessed the signing of this historic pact alongside his British counterpart, Keir Starmer. This comprehensive economic and trade agreement follows years of rigorous negotiations and marks a pivotal moment in bilateral relations.

According to the UK India Business Council, the agreement promises to significantly boost UK exports by reducing tariffs and enhancing market access. Additionally, it forecasts new investments of nearly £6 billion, creating over 2,200 jobs in the UK. Both nations envision this deal as a catalyst for sustained economic growth and collaboration.

(With inputs from agencies.)