WI-A
LIONS
Galatasaray
Stuttgart
Shakhtar
Sporting
Atlético
Bayern
Barcelona
Aston Villa
Bodo/Glimt
Lille
Feyenoord
Inter Milan
LASK Linz
S Bratislava
NEW0
EVE1
DEP2
OSA1
ATA0
PAR3
LOR0
BRE2
TOK
MOW
NZ-A424
IND-A346 & 180/2 (37.6 ov)
QLD280 & 18/0 (7.1 ov, target 201)
VIC307 & 173
SYL218 & 218
CHATT210 & 126/1 (37 ov, target 227)
MYMS108 & 315/9 (91 ov) (f/o)
KHU288
DHA
BAR266/8 (70 ov)
RAN256
RAJ231 & 110/3 (27 ov)
ASSAM135
KNTKA180/2 (36 ov)
MEGHA
NAGA244/8 (67 ov)
TPURA219/7 (74.3 ov)
SAU
BENG143
MAHA21/2 (8 ov)
ODSA
JHK37/3 (25 ov)
NZ
IND
UAE
OMA
HH-W
MR-W
BIK
JAB
LUL
POA
DOLPH
WPR
CD
AUCK
NED183/3 (36/50 ov, target 183)
AFG81/3 (8.1/20 ov, target 80)
ZIM79
MS-W109 (18.1/20 ov, target 125)
PS-W124/9
CHR129/6
SPR131/5 (16.4/20 ov, target 130)
KAY180/6
KAG181/6 (19.4/20 ov, target 181)
CAT0
ARGJ2
RIV3
BAN1
BUC0
NAL1
Man Utd
AS Roma
SAS2
FIO4
Athletic2
Real Sociedad1
PM Modi and UK PM Starmer signed a landmark free trade agreement at Chequers, expected to boost bilateral trade by $34.4 billion annually and add $6.5 billion yearly to the UK economy.
Table of Contents
India-UK Trade Deal: Historic Milestone Achieved
British Prime Minister Keir Starmer hailed the agreement on Thursday as a “landmark moment” for both countries. Starmer hosted Indian Prime Minister Narendra Modi at his Chequers country estate, northwest of London, where the UK and Indian trade ministers, Jonathan Reynolds and Piyush Goyal, formally signed the agreement.
The deal represents India’s biggest strategic partnership with an advanced economy and could provide a template for future EU negotiations.
Trade Benefits Breakdown
| Benefit Category | India | United Kingdom |
|---|---|---|
| Export Duty | 99% products duty-free | Average tariff: 15% to 3% |
| Whisky/Gin Tariffs | Not applicable | 150% to 75% (then 40% by Year 10) |
| Auto Tariffs | Benefits from quota | 100%+ to 10% reduction |
| Economic Boost | Major market access | £4.8 billion annual addition |
| Job Impact | Enhanced opportunities | 600,000+ jobs supported |
Key Tariff Reductions
The UK government said the deal will reduce India’s average tariff on British goods from 15 percent to 3 percent. Import taxes on whisky and gin will be halved from 150 percent to 75 percent before falling to 40 percent by year 10 of the deal.
This massive reduction makes British premium spirits significantly more accessible to Indian consumers while maintaining reasonable protection periods.
Strategic Partnership Expansion
Beyond trade, the countries announced almost £6 billion in additional investment deals covering AI, aerospace, and dairy products. They pledged closer cooperation in defense, migration, climate, and health sectors.
Modi, standing alongside Starmer during a media appearance, described the deal as a “blueprint for our shared prosperity”.
Brexit’s Biggest Success
Starmer also said the deal was “the biggest and most economically significant trade deal” the UK has made since leaving the European Union in 2020, positioning it as a major post-Brexit achievement despite ongoing EU-related trade challenges.
Implementation Timeline
The agreement requires UK Parliament ratification before taking effect. Starmer and Modi announced in May that they had struck a free trade agreement after three years of stop-start negotiations, with both sides hastening efforts to clinch a deal in the shadow of tariff turmoil unleashed by United States President Donald Trump.
For more trade policy updates, check our India economy coverage and international trade news.
