Goa, July 24 -- India and the United Kingdom signed a landmark Free Trade Agreement (FTA) on July 24, 2025, during Prime Minister Narendra Modi's visit to the UK. The agreement was formalized at Chequers, the country residence of UK Prime Minister Keir Starmer, marking a significant step in post-Brexit trade relations.

The FTA reduces average import tariffs on UK goods to India from 15% to 3%, with nearly 99% of traded items receiving duty-free or reduced-tariff access. Indian exports-particularly in labour-intensive sectors like textiles, leather, gems, jewellery, and footwear-will now enjoy duty-free entry into the UK, offering massive growth potential.

Both nations have set an ambitious goal to raise bilateral trade to $120 billion b...