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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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Moneycontrol broke the news in India on Wednesday, July 23, 2025.
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