The India-UK Free Trade Agreement, signed recently, is set to reduce trade tariffs significantly, potentially boosting bilateral trade by £25.5 billion and increasing the UK’s GDP. UK Business and Trade Secretary Jonathan Reynolds highlighted the agreement’s benefits, including improved market access and simplified trade processes. The FTA awaits parliamentary ratification after reports from key commissions.The India-UK Free Trade Agreement, signed recently, is set to reduce trade tariffs significantly, potentially boosting bilateral trade by £25.5 billion and increasing the UK’s GDP. UK Business and Trade Secretary Jonathan Reynolds highlighted the agreement’s benefits, including improved market access and simplified trade processes. The FTA awaits parliamentary ratification after reports from key commissions.
