Historic Pact: UK and India Forge Landmark Trade Agreement

Britain and India signed a groundbreaking trade agreement, focusing on reducing tariffs and expanding market access. This deal, significant post-Brexit, aims to enhance trade by £25.5 billion by 2040. Key sectors like textiles, whisky, and cars are impacted, with implications for both nations' economies and global trade strategies.

In a landmark development, Britain and India have signed a comprehensive free trade agreement, aimed at boosting bilateral trade by a substantial £25.5 billion by 2040. This momentous pact was finalized amidst a backdrop of complex negotiations and global economic challenges.

The agreement, heralded as historic by leaders from both countries, will significantly reduce tariffs on key goods such as textiles, whisky, and automobiles. This is Britain's most extensive trade deal since exiting the European Union, albeit with a projected economic impact smaller than its former ties with the EU.

The deal also incorporates strategic cooperation in defense and climate initiatives, paving the way for future global trade partnerships. As tariffs ease, industries like whisky distilleries and car manufacturing stand to benefit, setting a precedent for potential trade agreements with other regions, including the European Union.

(With inputs from agencies.)