In a historic breakthrough, the United Kingdom and India have concluded a major free trade agreement, marking one of Britain’s most significant trade deals since Brexit. Finalized on Tuesday, the deal was shaped amid growing global trade tensions, particularly following tariff hikes under former U.S. President Donald Trump.
This new UK-India free trade pact, years in the making since talks began in January 2022, is designed to boost bilateral trade by over £25.5 billion ($34 billion) by 2040. The agreement slashes tariffs on key goods like whisky, salmon, chocolates, advanced manufacturing parts, biscuits, and lamb, while introducing auto import quotas for both sides.
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Indian Prime Minister Narendra Modi hailed the agreement as a cornerstone for deepening bilateral ties. “These landmark agreements will catalyze trade, investment, growth, job creation, and innovation in both our economies,” he said.
British Prime Minister Keir Starmer emphasized the strategic importance of the deal: “We are now in a new era for trade and the economy… Reducing trade barriers with economies like India is part of our plan to deliver a stronger and more secure UK economy.”
The agreement signals renewed momentum in London’s post-Brexit trade strategy and reflects India’s global economic ambitions. Negotiations had been delayed by multiple political transitions, including four different UK prime ministers and national elections in both countries.
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Simultaneously, India and the UK are each pursuing separate trade dialogues with the United States, aiming to roll back damaging Trump-era tariffs and restore smoother global trade flows.
This trade deal represents a major policy win for both nations, positioning them as influential partners in shaping the future of global commerce.
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