New Delhi, May 7 -- With US tariffs looming and global trade uncertainty rising, India's exporters are turning to a newly signed free trade agreement (FTA) with the UK as a crucial lifeline-one that eliminates tariffs on nearly 100% of Indian exports and opens a vital market for textiles, gems, and engineering goods.
The deal comes just as higher tariffs from the US threaten to disrupt key export sectors, prompting Indian businesses to recalibrate their strategies.
The UK's zero-duty access positions it as a strategic alternative, particularly as Indian exporters grapple with the US decision to impose an additional 26% duty on Indian products-a measure temporarily paused until July 8. The bilateral trade agreement (BTA) with the US is n...
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