Starmer and Modi hail historic day' as UK-India trade deal is signed
Briefly

A free trade agreement was signed between the UK and India, projected to increase the UK economy by £4.8 billion annually and bring in £6 billion of investment. Average tariffs on UK goods will decrease from 15% to 3%, with whisky tariffs cut in half initially. The agreement will undergo parliamentary ratification in both countries. Critics express concerns over the deal's benefits for the UK's financial and legal sectors and question India's environmental and human rights practices. Discussions continue on a bilateral investment treaty and a carbon border tax.
Keir Starmer and Narendra Modi signed a free trade agreement projected to boost the UK economy by £4.8bn a year and attract £6bn of investment.
The agreement will reduce average tariffs on UK goods from 15% to 3%, with significant cuts on whisky tariffs initially.
Critics argue that the deal lacks sufficient benefits for the UK's financial and legal services industries and raises concerns about India's human rights record.
Negotiations continue for a bilateral investment treaty, but UK officials believe it is unlikely to be agreed, while discussions on a carbon border tax with India are ongoing.
Read at www.theguardian.com
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