Indian Prime Minister Narendra Modi is expected to sign a significant free trade deal with the UK that has been in negotiation for nearly three years. The pact aims to cut tariffs and enhance market access, predicted to boost bilateral trade by an additional 25.5 billion annually by 2040. Modi described the agreement as a historic milestone, while UK Prime Minister Keir Starmer touted its potential to create thousands of jobs and stimulate growth. The deal will also facilitate exports of UK products to India and reduce taxes on Indian goods.
The India-UK free trade deal comes after nearly three years of negotiations and amid turmoil sparked by US President Donald Trump's threat of added tariffs.
Modi said the deal was a historic milestone that was "ambitious and mutually beneficial". The pact would help "catalyse trade, investment, growth, job creation, and innovation in both our economies".
Mr Starmer called the "landmark" deal a major win for Britain, stating, "It will create thousands of British jobs across the UK, unlock new opportunities for businesses and drive growth."
The deal will make it easier for UK firms to export whisky, cars and other products to India, and will cut taxes on India's clothing and footwear exports.
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