India and the United Kingdom have signed a historic Free Trade Agreement (FTA) during Prime Minister Modi's visit to the UK, marking the culmination of 18 years of negotiations.
The deal will significantly reduce tariffs on a wide range of goods, including textiles, cars, whisky, and seafood, and is expected to boost bilateral trade by over $34 billion annually. Key sectors in both countries, such as textiles, leather, and premium spirits, are set to benefit, while new visa routes and investment opportunities are also part of the agreement. The FTA is seen as a major post-Brexit win for the UK and a sign of India's shift towards greater economic openness, though some concerns remain over public health and sector-specific impacts.
The agreement also includes a roadmap for deeper cooperation through the India-UK Vision 2035.
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