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FTA with UK comes into effect today, exports to get a boost

Europe 1 source 1 country 🔦 Under-reported 51m ago

# India-UK Free Trade Agreement Enters Into Force

India and the United Kingdom have implemented a free trade agreement effective today. The agreement is designed to facilitate increased trade between the two nations and provide Indian exporters with improved market access to the UK.

Under the terms of the agreement, many Indian products will now enter the United Kingdom duty-free, which is expected to enhance the competitiveness of Indian exports in the British market. The deal also expands opportunities for Indian service providers and professionals to access the UK market more readily, broadening trade beyond goods to include services.

The agreement encompasses digital service delivery, reflecting modern trade priorities. Overall, the implementation of this FTA is anticipated to provide a significant boost to Indian exports and strengthen bilateral economic ties between India and the United Kingdom.

In-depth summary · AI, neutral
Read the full story at the source Times of India · IN