UK-India Trade Agreement

The UK and India have agreed a “landmark” trade deal worth £4.8 billion to the British economy.

Under the newly agreed UK-India Free Trade Agreement, barriers to trading will be dropped, with India agreeing to reduce tariffs on a series of products — including whisky, cosmetics, aerospace, lamb, medical devices, salmon, electrical machinery, soft drinks, chocolate and biscuits.

The government has described the agreement as the biggest and most economically significant bilateral trade deal the UK has done since leaving the EU.

As a result of the deal, the government says British shoppers could see cheaper prices and more choice on products including clothes, footwear, and food products including frozen prawns.

UK business and trade secretary Jonathan Reynolds and Indian commerce minister Piyush Goyal held final talks in London last week after relaunching negotiations two months ago.

Commenting on the new deal, Starmer said: “We are now in a new era for trade and the economy. That means going further and faster to strengthen the UK’s economy, putting more money in working people’s pockets.

“Through this government’s stable and pragmatic leadership, the UK has become an attractive place to do business. Today we have agreed a landmark deal with India — one of the fastest growing economies in the world, which will grow the economy and deliver for British people and business.