BUSINESSJul 15 · 16:17 UTCDAWN[email protected] (Reuters)

India-UK trade pact takes effect, cutting tariffs and boosting services trade

India and the UK's trade pact took effect, reducing tariffs on goods and expanding services trade. The agreement benefits sectors like textiles, leather, and engineering exports for India, while Britain gains access to India's markets in automobiles and services. Bilateral trade data shows India had a $7.9 billion services surplus with Britain in 2024.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

IndiaplaceUnited KingdomplaceIndia-U.K. Comprehensive Economic and Trade AgreementtopicNarendra ModipersonEngineering Export Promotion Council of IndiaorganizationPankaj ChadhapersonDouble Contribution Conventiontopictextilestopic

Spot something wrong with this article?Report a problem →

Forward this

Related Signal

Adjacent reporting

BUSINESSJul 15 · 12:06 UTC
India-UK trade deal comes into effect: What’s cheaper in each country now?
BUSINESSJul 15 · 06:04 UTC
What are the gains from the India-U.K. trade deal? | Explained
BUSINESSJul 15 · 10:27 UTC
India-U.K. trade deal will boost India’s farmers, entrepreneurs and MSMEs, PM Modi says
BUSINESSJul 15 · 07:53 UTC
India's 'most ambitious' trade deal with UK takes effect
BUSINESSJul 15 · 06:17 UTC
India–UK CETA comes into force; Telangana well poised to reap benefits