The Free Trade Agreement (FTA) between India and the United Kingdom is expected to be finalized by the end of July, as the legal review of the document enters its last phase. High-level officials from both nations are currently meeting in London to ensure the agreement is ready for official signing within the proposed timeline. The agreement, once signed, will be one of India’s most comprehensive trade partnerships with a Western country. It is aimed at reducing tariffs, boosting services, and easing the movement of professionals across borders.
The Free Trade Agreement Expected to Boost Key Industries and Market Access
The FTA covers more than two dozen chapters, focusing on goods, services, investments, and intellectual property. During the latest round of discussions, both countries worked on finalizing tariff concessions. Particularly on items such as Scotch whisky, automobiles, and textiles.
India is pushing for better access for its IT professionals and skilled workers. While the UK seeks reduced duties on key exports. The agreement also includes social security waivers for Indian professionals working in Britain — a move that could benefit thousands.
Officials stated that the current process, known as “legal scrubbing,” is essential to ensure consistency in wording, accuracy in tariff schedules, and clarity across all terms of the agreement. Commerce Secretary Sunil Barthwal is overseeing this phase on behalf of India.
The trade pact is expected to eliminate or reduce duties on nearly 90% of goods exchanged between the two nations. Industries such as pharmaceuticals, gems and jewellery, and machinery stand to gain significantly once the agreement is enforced.
With the final touches being added, the India-UK trade deal is set to open a new chapter in economic cooperation. Both nations are hopeful that the deal will not only boost exports but also support long-term strategic growth through expanded trade access and investment opportunities.
