The historic India-UK trade deal in 10 numbers

The newly concluded India-UK Free Commerce Settlement is a key milestone in bilateral financial relations and is being hailed as the UK’s most important commerce pact since Brexit. Signed after years of negotiations, the deal goals to deepen ties between the world’s fifth and sixth largest economies, streamline tariffs, and unlock billions in commerce potential.

From whisky to vehicles and digital companies to social safety, the settlement touches a broad vary of sectors — whereas additionally making historical past in a number of methods.

Listed below are ten key numbers that outline this landmark commerce deal:

1: India-UK free commerce settlement is UK’s largest commerce deal since Brexit

3: India and UK reached the landmark settlement after three years of talks beginning 2022.

5: Since 2014, India has signed 5 such agreements with Mauritius, the UAE, Australia, EFTA and the UK.

5+6: The settlement between India and Britain is predicted to spice up bilateral commerce between the world’s fifth and sixth largest economies by 25.5 billion kilos a yr from 2040, Britain stated.

10 per cent: India will even minimize automotive tariffs to 10 per cent beneath a quota from over 100% presently.
11:
India was Britain’s eleventh largest buying and selling accomplice in 2024. Commerce between the 2 international locations totalled 42.6 billion kilos in that yr.

14: As many as 14 rounds of negotiations had taken place between India and the UK for the FTA.

16: That is India’s sixteenth free commerce settlement. India has inked commerce offers with Sri Lanka, Bhutan, Thailand, Singapore, Malaysia, Korea, Japan, Australia, UAE, Mauritius, the 10-nation bloc ASEAN (Affiliation of Southeast Asian Nations), and 4 European nations’ bloc EFTA (Iceland, Liechtenstein, Norway, and Switzerland). As well as, India is negotiating commerce agreements at current with a lot of its buying and selling companions. The negotiations are underway with the US, Oman, the European Union (EU), Peru, and Israel. Talks with Canada for the same pact have been placed on maintain as a result of sure political points.

75 per cent: India will convey down whisky and gin tariffs from 150% to 75%, and additional to 40% by the tenth yr of the deal making the beverage cheaper on this planet’s largest whisky market.

0: The deal doesn’t embody any change in immigration coverage, together with in direction of Indian college students learning within the UK, the British authorities stated.