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UK and India agree landmark trade deal

  • On Tuesday, India and the United Kingdom finalized a significant free trade agreement, establishing a landmark partnership between the two economies.
  • The deal follows over three years of stop-start negotiations influenced by Brexit, multiple UK leadership changes, and global trade tensions from US tariffs.
  • The agreement cuts tariffs on key goods such as whisky, automotive parts, cosmetics, and food products while aiming to liberalize market access and ease trade restrictions.
  • The UK expects the deal to increase bilateral trade by £25.5 billion annually by 2040, and Indian Prime Minister Modi called it an ambitious, mutually beneficial pact.
  • This pact represents the UK's most significant post-Brexit trade agreement, potentially transforming industries and deepening the strategic partnership between both nations.
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  • 35% of the sources lean Left, 35% of the sources are Center
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Political Wire broke the news in New York, United States on Tuesday, May 6, 2025.
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