New Delhi, July 26 -- In a major boost to India's global trade standing, India and the United Kingdom signed a long-awaited Free Trade Agreement (FTA) on July 23, 2025. The agreement eliminates or reduces tariffs on over 90% of traded goods and liberalizes services and investment norms between the two nations. Sectors expected to benefit include textiles, electric vehicles, IT services, and education. The deal is projected to increase bilateral trade to $34-36 billion annually over the next few years and is India's first comprehensive FTA with a G7 country, reinforcing its reputation as a global trade player and boosting investor sentiment.
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