“India and UK Sign Free Trade Agreement to Boost Economic Cooperation, Expect Significant Increase in Bilateral Trade”

India and the United Kingdom recently inked a Free Trade Agreement, signaling a significant milestone in their economic relations. The agreement is designed to enhance economic cooperation between the two nations by facilitating smoother trade. As part of the deal, India has agreed to lower tariffs on British goods, while the UK will eliminate tariffs on Indian products. This move is expected to lead to a substantial increase in bilateral trade volume. Experts predict that Indian exports to the UK could soar to GBP 45 billion by the year 2030. Several key sectors in India are poised to benefit from this agreement as they gain improved access to the UK market. This development is seen as a positive step towards strengthening the trade ties between India and the UK, opening up new avenues for business growth and collaboration.

In Trend

“India’s COVID-19 vaccine diplomacy expands to 76 countries, boosting global vaccination efforts”

“India’s luxury car segment sees growth in demand, with Mercedes-Benz leading the market”

Leave a Reply

Your email address will not be published. Required fields are marked *