India and the United Kingdom have signed a landmark Free Trade Agreement (FTA) during Prime Minister Modi's visit to the UK, marking a major step in economic cooperation between the two nations.
The deal will significantly reduce or eliminate tariffs on a wide range of goods, including cars, whisky, textiles, and pharmaceuticals, and is expected to boost bilateral trade by over $34 billion annually. Key sectors such as textiles, leather, and food processing in India, and automotive and spirits in the UK, are set to benefit. The agreement also includes provisions for increased market access, new visa routes for skilled workers, and investment commitments worth billions.
While hailed as historic and a post-Brexit win for the UK, some concerns remain over public health and the pace of tariff reductions for certain industries.
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