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Britain and India signed a landmark free trade agreement on Thursday during a visit to the UK by Prime Minister Narendra Modi, sealing a deal to cut tariffs on goods from textiles to whisky and cars and allow more market access for businesses.
Prime Minister Narendra Modi has landed in London. Once the FTA comes into effect, trade between both India and UK is expected to grow by £25.5 billion annually.
India signed a comprehensive economic and trade agreement (CETA) on July 24 with the UK during PM Modi's London visit, with an aim to double bilateral trade by 2030., India News, Times Now
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ABP News on MSNIndia-UK FTA A Historic 'Win-Win Deal', Secures 99 Per Cent Duty Free Access, Says Piyush GoyalSpeaking in New Delhi, Goyal stressed that the deal would unlock “immense opportunities” for India’s farmers, fishermen, young professionals, MSMEs, and the business community.
India-UK trade deal nears signing: Tariff breaks from gin to gems, social security win for New Delhi
Indian exports are set to benefit from duty elimination on about 99 percent of the tariff lines, covering almost 100 percent of the trade value, especially aiding labour-intensive shipments of textiles,
Based on the key features of the DCC highlighted in the side letters, let's examine the implications for Indian employees assigned to work in the UK.
India-UK FTA sets high standards for future agreements, protecting sensitive sectors while boosting bilateral trade and benefits.