New Delhi
Prime Minister Narendra Modi is on a two -day tour of Britain. During this time he met the British PM Career Stmper in London, where both of them signed the FTA agreement during bilateral talks. The purpose of which is to promote the India-Britain comprehensive strategic partnership.
Addressing the press on the occasion, the PM expressed his gratitude for the strong reception of the stormer and he also praised the free trade deal signed during the historic bilateral talks. This will be a good deal for our consumers, because it will reduce the prices of clothes and shoes. Also, India’s Sea Food will get new opportunities in the UK market. This agreement will be beneficial for every section of India. This agreement will benefit the UK economy and India’s investment will also increase. These agreements will also strengthen global stability. Now the UK products will be found cheap.
Friends, in the field of education, both countries are writing a new chapter together. Six UK universities are opening campus in India, recently the campus has been opened in Gurugram. Friends, we thank the stormer for condemning the terrorist attack in Pahalgam. We have been sharing views on the situation of the middle East along with the ongoing struggle in Russia and Ukraine. Today is not an expansionist thinking, it is a period of evolutionary thinking.
His visit is considered very important in terms of India-Bitten Free Trade Agreement (FTA). PM Modi will meet King Charles III of Britain. During this time, PM Modi and the stormer will discuss bilateral relations.
After signing the free trade deal with India, the British Prime Minister Career Stmper said that a historic agreement with India means employment, investment and development in Britain. This will create thousands of jobs in Britain. Free trade deal will create new business opportunities and money will come in the pockets of working people. This is a big change in our work policy.
Earlier, he said that the historic free trade agreement he is going to sign with Prime Minister of India, Narendra Modi, is a major victory for jobs and economic development. Under this agreement, tariff cuts will make the prices of clothes, shoes and food products cheaper.
What is the benefit of India
Britain says that the people of India will benefit greatly from FTA. They will be able to get good UK products easily. Such as soft drinks, cosmetics, cars and medical devices. After FTA is implemented, the tax on these things will decrease from 15% to 3%. This will make these things cheaper.
Britain still buys 11 billion pounds of goods from India. But due to reduced tax, it will make it even easier to buy Indian goods for the people and businessmen of Britain. This will also benefit Indian businessmen, as they will be able to sell more goods to Britain. Britain’s Prime Minister Kir Starmer said, “Our big trade agreement with India is a huge win for Britain. This will create thousands of jobs in Britain, get new business opportunities and develop in every corner of the country. It will complete our plan for change.”
Sides of trade
This agreement will not be limited to trade only. In the new plan being made for 2035, both countries will progress together, find new things and strengthen their army. A new defense industrial roadmap will be made for this. Officials say that India and Britain have respected each other’s political sensitivity during the talks.
The British government said in a statement before signing the agreement, “We have supported its values by securing the first chapters of India in the free trade agreement on anti-corruption, labor rights, gender and development.
The agreement involves tariff cuts. India is a much more conservationist economy than Britain, and has cut 90 percent of its tariffs. With this, the average tariff on products coming from UK to India will decrease from 15 percent to 3 percent. In turn, Britain – which already imports 11 billion euro value goods from India – will provide more market access to Indian manufacturers.
Now these things will become cheap, see the list!
This deal between India and U will also be very beneficial for the common people of both countries. Its goods from medicine to electronic and fashion will be cheaper. However, some things will also be expensive, which will directly affect the pockets of the common people.
The discussion about this deal started in January 2022 during the tenure of the then British PM Boris Johnson. The target was to first complete it by 2024. PM Modi said about this deal that the economy of both countries will rise. Also, job opportunities will open. India-Britain attempts from the free trade agreement have a target of US $ 120 billion by 2030.
What does India-UK FTA mean?
India and UK Free Trade Agreement (India-UK FTA) will provide tax free exports in UK on its 99 percent export product. At the same time, India will be reduced or removed on 90 percent of the products coming from Britain. This will also benefit from Indian companies to common people.
What cheap and what expensive
Many things including electronics, clothes, marine products, steel and metal, and jewelery can be cheaper. Talking about expensive, products like agriculture products, cars and bikes like auto products and steel can be expensive.
How will this deal install India on a global map?
With this agreement, 99 percent of Indian exports will be allowed without tariff access to Britain markets. These exports include leather works like Banarasi and Chanderi clothes and hand -made Kolhapuri shoes.
India’s goal is to increase India’s brand identity, increase cultural identity and increase the income of artisans – especially of women -led businesses. It will also curb the ‘theft’ of Indian textile and handicraft products, where the Western fashion industries copy the design and styles with Indian craftsmanship without appropriate credit or compensation.
The latest example of this came into a controversy with global fashion brand-Prada. Prada used the designs of Kolhapuri slippers without mentioning Indian heritage in 2026 Mainswear Collection.
This free trade agreement is also expected to promote employment generation and financial freedom for women. India will be established as top suppliers (suppliers) in labor-intensive areas.
What is FTA?
FTA is an agreement to make business easier between two countries. Under this, both countries reduce or eliminate import duty, tariff or tax on each other’s products. There was talk between India and the UK for three years.
This agreement will make exports possible at low rates of leather, shoes and clothing, while the import of whiskey and cars from Britain will be cheaper. The Modi cabinet approved the FTA on Wednesday. After the signing of this agreement, it will have to get approval from the British Parliament, after which the agreement will be applicable.