India-UK Trade Deal: Boost for British Niche Agricultural Exports

India is reducing duties for certain British agricultural products under a trade agreement, benefiting goods with negligible production in India. Sensitive items like dairy and cereals are excluded to protect local producers. Over 95% of India's agri products will have zero-duty access to the UK market, promising premium pricing opportunities.

India has announced duty concessions on a selection of British agricultural products, including cranberries, durians, certain types of mushrooms, leeks, lettuce, and artichokes, as part of a free trade agreement with the UK, the commerce ministry reports.

Most of these items have minimal production within India, allowing the country to impose the concessions without disrupting local markets. However, India is choosing to exclude concessions on more sensitive goods, such as apples, pineapples, oranges, and pomegranates.

The trade deal promises substantial benefits, with over 95% of Indian agricultural products enjoying zero-duty access to the UK market. Indian farmers could see improved prices in the UK, similar to those enjoyed by major EU countries like Germany and the Netherlands.

To safeguard local producers, items in the dairy and cereals sectors remain protected, with no changes to tariffs, ensuring essential crops and dairy products are shielded from import pressures.

(With inputs from agencies.)