India UK FTA Highlights
UK's Most Significant Deal Since EU Exit
Indian textiles, footwear, food, agriculture, processed foods, MSMEs to be boosted by FTA
99% of textile and apparel tariff lines now duty-free
FTA with UK to boost India's chemical exports by 30-40%.
Farmers to get preferential access to UK’s $37.5 billion agri market.
India fully protects sensitive sectors like dairy, vegetables, apples, cooking oils, oats.
Zero duty on major sectors - down from up to 12% on textiles and clothing, 8% on chemicals and 10% on base metals.
Exporters to enjoy zero duty on processed foods versus up to 70% earlier
PM Modi Expresses Gratitude To Starmer On X
No decision on pricing yet, said Tata Motor's UK luxury arm JLR
PM Modi Meets Business Leaders At Chequers
India UK Trade Deal Live: PM Modi Meets Business Leaders At Chequers
"Interacted with business leaders at Chequers. The signing of the India-UK CETA has opened up new avenues for trade and investment. It marks a pivotal step in strengthening our economic partnership", PM Modi posted on X.
India UK Trade Deal Live: Tata Motors Arm JLR Releases Statement
A spokesperson for JLR said: “We welcome this free trade agreement between the UK and India, which over time will deliver reduced tariff access to the Indian car market for JLR's luxury vehicles. India is an important market for our British built products and represents significant future growth opportunities.”
The company added that no decisions have been taken on pricing as of yet.
India–UK FTA A Game-Changer For Textile And Apparel Sector: Apollo Fashion President
"The India–UK FTA is a game-changer for the textile and apparel sector. With 99% of textile and apparel tariff lines now duty-free and UK import duties of up to 16% being phased out, Indian exporters are finally on equal footing in one of the world’s most design-driven and sustainability-conscious markets", said Apollo Fashion International Ltd.'s President, Shiraz Askari.
"If the industry responds with agility and intent, a 30–40% surge in exports over the next few years is well within reach", he added.
India UK Trade Deal Live: PM Modi Expresses Gratitude To Starmer On X
The Prime Minister of India expressed heartfelt gratitude over a series of posts on social media platform X, saying that "Thankful to PM Keir Starmer for the warm welcome at Chequers. Our discussions reflect a shared commitment to deepen India-UK ties across sectors."
India UK Trade Deal Live: PM Modi Posts Highlights Of The FTA On X
PM Modi took to twitter to share that "labour-intensive sectors such as textiles, leather & footwear, marine, gems & jewellery, organic chemicals, plastics, auto parts, artisanal products and services are poised for strong growth."
(Source: Narendra Modi X Account)
India UK Trade Deal Live: PM Modi Invokes Cricket As A Metaphor For India UK Relations
PM Narendra Modi says, "When India and UK meet, and that too during a Test Series, Cricket needs to be mentioned. For both of us, Cricket is not just a game but a passion, and also a great metaphor for our partnership. There may be a swing and a miss at times but we always play with a straight bat. We are committed to building a high-scoring, solid partnership. The Agreements signed today and Vision 2035 are milestones that will carry forward this spirit."
(Source: ANI)
India UK Trade Deal Live: FTA Will Boost India's Chemical Exports By 30-40%, Says Piyush Goyal
FTA with UK to boost India's chemical exports by 30-40%.
India's medical devices to get duty-free access in UK under FTA.
FTA to allow India MSMEs participation in UK govt procurements.
Indian marine exports to get UK market access at zero duty.
No safeguard duty proposed under UK FTA.
Farmers to get preferential access to UK’s $37.5 billion agri market.
India fully protects sensitive sectors like dairy, vegetables, apples, cooking oils, oats.
$5.4 billion UK market opens for marine exports as UK import duty on marine products to fall to zero from up to 20%.
Zero duty on major sectors - down from up to 12% on textiles and clothing, 8% on chemicals and 10% on base metals.
Exporters to enjoy zero duty on processed foods versus up to 70% earlier.
75,000 Indian workers in UK to gain from 3-year exemption from social security contribution.
Up to 1,800 Indian chefs, yoga instructors and classical musicians can move temporarily to UK to provide services.
India UK Trade Deal Live: Piyush Goyal Shares Details On The FTA
"Duty-free access for about 99% of Indian exports unlocks nearly $23 billion in opportunities for labour-intensive sectors, marking a new era for inclusive and gender-equitable growth," shared Union Ministry of Commerce Piyush Goyal on his X profile.
Goyal further thanked PM Modi and UK Prime Minister Keir Starmer, along the people of India & the United Kingdom on the signing of the landmark India-UK Comprehensive Economic and Trade Agreement.
India UK Trade Deal Live: 'I Thank PM Starmer For Condemning Pahalgam Terrorist Attack,' Says PM Modi
"I thank PM Starmer for condemning Pahalgam terrorist attack," said PM Modi.
"Those who misuse democratic freedoms to undermine democracy itself, must be held accountable," he further said.
India UK Trade Deal Live: India, UK Extend Partnership Over Next Via Vision 2035 Roadmap
To extend partnership over the next decade, we will work on defence, climate, clean technology via our Vision 2035 roadmap, said PM Modi during press conference.
India UK Trade Deal Live: India, UK Set Up Defence Industrial Roadmap
Defence Industrial Roadmap has been set up under India UK free trade deal, said PM Modi.
"India committed to building AI, critical minerals, semiconductors, cybersecurity together with UK," he said.
India UK Trade Deal Live: Indian Textiles, Footwear, Food, Agriculture, To Be Boosted By FTA
Indian textiles, footwear, food, agriculture, processed foods, MSMEs to be boosted by FTA, said PM Modi.
Meanwhile, Indian people will benefit by lower prices on medical devices, aerospace parts, he further added.
India UK Trade Deal Live: A Comprehensive Economic And Trade Agreement, Said PM Modi
After years of work, we have signed a comprehensive economic and trade agreement, said PM Modi.
India UK Trade Deal Live: UK's Most Significant Deal Since EU Exit
UK's most significant deal since leaving EU, said UK Prime Minister Keir Starmer post signing the historic deal in London during a press meet.
India UK Trade Deal Live: FTA Documents To Be Made Public Soon
UK-India FTA documents to be made public by 5:30 PM IST, as per NDTV Profit sources.
India UK Trade Deal Live: MEA To Brief Media Soon
Ministry of External Affairs to brief media regarding the deal at 6:30 p.m. (IST) today.
India UK Trade Deal Live: India, UK Sign FTA
India and United Kingdom have signed landmark free trade agreement, marking a major milestone in India-UK economic relations, as per NDTV report.
The deal, which has been in negotiation for over three years, is expected to significantly boost bilateral trade and investment.
India UK Trade Deal Live: PM Modi Meets Keir Starmer
Prime Minister Narendra Modi meets UK counterpart Keir Starmer ahead of historic deal signing in London.
India UK Trade Deal Live: Pharma Sector To Get Major Boost
The pharma sector, though small in tariff lines (0.6%), holds high value. India’s exports to the UK are under $1 billion, despite UK pharma imports worth $30 billion, leaving room to grow, especially in generics and med-tech, where tariffs have been removed.
Read full story here.
Trade Deal Live: PM Modi, Keir Starmer To Sign Trade Deal Soon
Prime Minister Narendra Modi is set to sign a landmark free trade agreement (FTA) with British Prime Minister Keir Starmer on Thursday, marking a major milestone in India-UK economic relations.
The deal, which has been in negotiation for over three years, is expected to significantly boost bilateral trade and investment.
India UK Trade Deal Live: Farmers The Biggest Winners Of FTA
India's farmers are the biggest winners of the Free Trade Agreement, as there will be an elimination of tariff on key crops like turmeric, pepper, cardamon, and pulses.
India UK Trade Deal Live: PM Modi, Starmer To Unveil UK-India Vision 2035
Prime Minister Narendra Modi and his UK counterpart Keir Starmer will also unveil an 'UK-India Vision 2035' to take their partnership to new heights in a time of rapid global change.
India UK Trade Deal Live: GI Products To Get Fair Value
Geographical Indications on products which are exported protect heritage crafts like Banarasi and Chanderi, ensuring fair value for women artisans in textiles and leather.
India UK Trade Deal Live: Women Empowerment Takes Lead In Trade Framework
The India–UK Free Trade Agreement, includes a pioneering Trade and Gender chapter to promote women’s empowerment in global trade.
India UK Trade Deal Live: Gains For Service Professionals
India UK FTA will give a services push to Indian professionals, as UK opens access in IT, finance, education, and professional services.
Major Gains For Service Professionals:
India secures major wins in digitally delivered services, including telecom and engineering from an employment perspective
Indian chefs, yoga instructors, musicians to get temporary access to UK job market
Indian workers in UK to save Rs 4,000 crore annually via 3-year social security exemption
Non-tariff barriers addressed to ensure smooth flow of Indian exports and reduce trade friction
India UK Trade Deal Live: What India Gains?
The much-awaited India UK Free Trade Agreement will lead to gains in many sectors.
Here are some of the major gains:
Zero-duty access for 99% of Indian goods exports to UK; covers nearly 100% of trade value
Textiles, gems, toys, auto components among sectors to gain from 4–16% tariff removal
FTA to boost India’s manufacturing and improve export competitiveness in UK market
India UK Trade Deal Live: Sectoral Wins
Check out sectoral wins under the India UK Free Trade Agreement.
India UK Trade Deal Live: PM Modi Reaches London
Prime Minister Narendra Modi has landed in London for signing the historic India UK Free Trade Agreement today.
"Landed in London. This visit will go a long way in advancing the economic partnership between our nations," PM Modi said in a statement on X.
India UK Trade Deal Live: FTA To Be Signed In Presence Of Both Prime Ministers
Good morning and welcome to our India UK Trade Deal Live blog!.
The much-awaited trade agreement between India and the United Kingdom is all set to be signed today, marking the culmination of three years of negotiations. Commerce Minister Piyush Goyal and his British counterpart, Jonathan Reynolds, are expected to sign the Free Trade Agreement or FTA in the presence of both Prime Ministers.
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