UK and India Seal Landmark Trade Pact: Cheaper Cars, Whisky, and More as Tariffs Slashed

The UK and India have finalized a historic free trade agreement, unlocking a new era of commerce between the two global giants. Signed after three years of negotiations, the deal slashes Indian tariffs on 90% of tariff lines-including cars, whisky, medical devices, and cosmetics-making British exports far more competitive in the booming Indian market. Tariffs on UK cars will drop from over 100% to just 10% under a quota, while whisky and gin duties will be halved immediately and reduced further over the next decade. The agreement is projected to boost bilateral trade by £25.5 billion and add £4.8 billion to the UK economy annually by 2040. It also opens new opportunities for professionals, enhances consumer choice, and supports high-growth sectors like clean energy and advanced manufacturing.

 

Source: UK Government, Indian Express, Reuters