New Delhi, July 24 -- In a landmark moment for India-UK relations, the two countries on Thursday, July 24, signed a historic Free Trade Agreement (FTA), opening the door to expanded bilateral trade and increased investment on both sides. The Free Trade deal will not only make several British imports - cars, liquor, and cosmetics - cheaper in India, but also reduce tariffs on all exports to the country.

The agreement between the world's fifth and sixth largest economies aims to increase bilateral trade by a further $34 billion by 2040. PM Keir Starmer said the Free Trade deal was Britain's biggest and most significant trade deal since it left the European Union in 2020.

Published by HT Digital Content Services with permission from MINT....