From Cars And Chocolates To Scotch And Salmon: What Gets Cheaper With India-UK Trade Deal
UNITED KINGDOM, JUL 24 – The agreement is expected to create 60,000 new service-sector jobs in India and reduce tariffs on key goods, enhancing trade and professional mobility between the two nations.
- On Thursday, July 24, 2025, India and the United Kingdom signed the FTA in London, formalised by commerce ministers.
- Negotiations beginning in January 2022 culminated in May 2025, with an estimated €4.8 billion GDP boost, and the pact securing tariff cuts and mobility guarantees.
- Tariff reductions include duties on Scotch whisky and gin, electric vehicles within quotas, and an overall tariff average cut.
- Consumers and professionals alike will benefit from lower prices on Scotch whisky, electric vehicles, chocolates and cosmetics, and eased mobility provisions, said officials.
- By 2030, analysts project a $34 billion annual trade boost, with a goal to double trade to $120 billion by 2030.
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Duty Concessions to UK Only on Large Petrol, Diesel Vehicles, High-priced EVs: Official
Get latest articles and stories on Latest News at LatestLY. India has provided duty concessions to the UK auto exporters only on large petrol and diesel vehicles and high-priced EVs, while protecting sensitive segments of the domestic automotive industry especially mid and small cars and low-priced EVs under the trade pact, an official said. Latest News | Duty Concessions to UK Only on Large Petrol, Diesel Vehicles, High-priced EVs: Official.
Scotch, cars, chocolates and more: What will become cheaper as India-UK sign FTA?
India-UK FTA: India and the UK signed a Free Trade Agreement (FTA) on Thursday, as PM Narendra Modi met his British counterpart Keir Starmer in London. Under the landmark deal, the UK will eliminate duties on several Indian imports, including textiles, leather, gems and jewellery and machinery. For Indians, Scotch whisky, British cars, and chocolates will become cheaper
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