India has signed a landmark Free Trade Agreement (FTA) with the United Kingdom in July 2025. The deal, India’s first with a developed European country, aims to double bilateral trade by 2030. FTAs reduce tariffs, improve market access, and support strategic economic ties. This move reflects India’s shift towards open trade and deeper global integration.

BulletsIn

• India signs FTA with UK, aims to double $56B bilateral trade by 2030
• First FTA with developed European economy; major strategic step
• Zero-duty access for 95% of Indian farm and processed foods
• Tariffs removed on textiles, apparel, pharma, chemicals
• Eases movement for Indian chefs, IT pros, yoga trainers, artists
• Phased tariff cuts on luxury vehicles, Scotch whisky over 10 years
• No concessions on dairy, apples, edible oils to protect farmers
• Includes innovation chapter on joint tech development
• FTAs help exports, lower import costs, attract foreign firms
• India has signed 16 FTAs; talks ongoing with EU, US, others