6th May 2025 14:16
(Alliance News) - The UK and India have sealed a free trade agreement, in a deal which is hoped will boost sectors hardest hit by Donald Trump's tariffs.
The deal, announced on Tuesday afternoon, will mean dramatic tariff reductions on scotch whisky and car exports to India, while levies on aerospace, electricals and other food products will also fall.
UK Prime Minister Keir Starmer said: "We are now in a new era for trade and the economy. That means going further and faster to strengthen the UK's economy, putting more money in working people's pockets."
He added: "Today we have agreed a landmark deal with India – one of the fastest growing economies in the world, which will grow the economy and deliver for British people and business."
More than a dozen rounds of talks involving successive governments have taken place since 2022 with the aim of securing a trade pact with India, which is forecast to become the world's third largest economy.
Key sticking points had included high tariffs on Scotch whisky in India and visa rules for Indian students and professionals.
By Alex Daniel, PA Business Reporter
Press Association: Finance
source: PA
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