https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Trade Boost Ahead: Cabinet Approves India-UK Free Trade Agreement Ahead of PM Modi’s UK Visit

Cabinet clears India-UK FTA ahead of PM Modi’s UK visit; deal targets $120B trade by 2030 and eases tariffs on key exports like leather and whisky.
Indian Masterminds Stories

New Delhi: The Union Cabinet on Tuesday approved the much-anticipated Free Trade Agreement (FTA) between India and the United Kingdom, which is set to be signed in London on July 24, sources said. The signing will take place during Prime Minister Narendra Modi’s official visit to the UK.

Prime Minister Modi’s four-day trip to the United Kingdom and the Maldives commences on Wednesday. Commerce and Industry Minister Piyush Goyal will accompany the Prime Minister on this visit.

Key Highlights of the India-UK FTA

The India-UK trade pact, officially termed the Comprehensive Economic and Trade Agreement, aims to boost bilateral trade by removing tariffs on labour-intensive Indian exports such as leather, footwear, and clothing. In return, it will reduce import duties on British products like whisky and automobiles, making them more affordable in India.

The agreement includes multiple chapters covering trade in goods and services, innovation, government procurement, and intellectual property rights. The trade deal targets doubling the bilateral trade volume to USD 120 billion by 2030.

Read Also: Cabinet Approves ‘Prime Minister Dhan-Dhaanya Krishi Yojana’ to Transform Agriculture in 100 Districts

Social Security Pact and Pending Investment Talks

Alongside the FTA, both countries have concluded negotiations on the Double Contribution Convention Agreement, a social security pact designed to avoid double social security contributions by Indian professionals working temporarily in the UK.

However, talks on the Bilateral Investment Treaty (BIT) are still underway.

Next Steps for the Agreement

Once signed, the agreement will require approval from the British Parliament before it can be implemented. The FTA will come into force after ratification by both India and the UK.

Growing India-UK Trade Relations

Bilateral trade between India and the UK has steadily increased, reaching USD 21.34 billion in 2023-24, up from USD 20.36 billion in 2022-23. India’s exports to the UK rose 12.6 percent to USD 14.5 billion in 2024-25, while imports from the UK grew by 2.3 percent to USD 8.6 billion during the same period.

The new trade agreement is expected to further accelerate trade, enhance economic cooperation, and strengthen strategic ties between the two nations.

Read Also: Bihar: 5 IPS Officers Among 7,000 Cops Deployed as East Champaran Gears Up for PM Modi’s Visit


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
IFS officer with Odisha CM Mohan Majhi
IFS Officers from 2000-2001 Batch Meet Odisha CM Mohan Majhi to Discuss Development and Diplomatic Engagements
ESIC
ESIC Launches Nationwide Campaign for Amnesty Scheme 2025, Aims to Clear 27,000 Pending Cases
Indian Railways SBI Partner
Indian Railways, SBI Partner to Provide Comprehensive Insurance Benefits to 7 Lakh Railway Employees
MTNL
MTNL Faces Fines from NSE, BSE for Delay in Appointing Woman Director and Committee Formation
NTPC
PESB Fails to Pick Successor: NTPC CMD Gurdeep Singh Gets One-Year Extension After Shareholders’ Approval
IPS Sanjay Singhal
UP Cadre IPS Sanjay Singhal, Former BSF Special DG, Takes Charge as SSB Director General | Career Highlight
Jammu and Kashmir Government
IAS Mahima Madan Appointed Additional Secretary, IT Department in Jammu & Kashmir; To Retain Dual Charges
BHEL_resized
BHEL Awards ₹1,125 Crore Contract for Structural Fabrication and Supply to Support Nationwide Projects- Know More
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Shikha Goel
Decoding Digital Dangers: Insights from IPS Shikha Goel on Cyber Crimes
IPS Mukesh Kumar Bhamoo
Managing Elections, Communal Tensions, and Public Safety – Meet IPS Mukesh Kumar Bhamoo | Video Interview
WhatsApp Image 2025-08-25 at 13.56
Operation Hunt: IPS Dr. Karanraj Vaghela’s Mission to Nab Valsad’s Most Wanted
ADVERTISEMENT
UPSC Stories
IAS Minnu P M
“Lazy, Sleepy, Yet Determined”: Minnu P M’s Honest Take on Cracking UPSC
Minnu PM, once a clerk in Kerala Police, cleared UPSC with AIR 150 after five years of struggle. Her...
IPS Ashish Tiwari
From IIT and Investment Banking to Public Service, Meet IPS Ashish Tiwari 
Ashish Tiwari, IIT graduate and former investment banker, chose public service over global finance. As...
WhatsApp Image 2025-08-12 at 7.27
First Attempt IRS, Fourth Attempt IPS: The Relentless Pursuit of Jitendra Kumar Yadav Who Cracked UPSC 3 Times
IPS Yadav is originally from Chhattisgarh. He was first selected for the IRS through UPSC and later for...
Social Media
Masahiro Hara
From Go Board to Global Use, How QR Codes Changed the World: IRAS Officer Ananth Rupanagudi Spotlights Masahiro Hara’s Vision
IRAS officer Ananth Rupanagudi shared a video on Masahiro Hara, the inventor of QR codes, highlighting...
IFS Susanta Nanda Video
A Mother’s Duty: Tigress Watches Over Cubs Splashing in Waterhole — Heartwarming Video Shared By Retd. IFS Officer Susanta Nanda
A tender wildlife video shared by Retd. IFS officer Susanta Nanda shows a tigress keeping watch over...
Mohanmala
Kaziranga Mourns: Beloved Elephant Mohanmala Passes Away After Five Decades of Service
Kaziranga National Park mourns the loss of Mohanmala, a beloved elephant who served over 50 years as...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
IFS officer with Odisha CM Mohan Majhi
IFS Officers from 2000-2001 Batch Meet Odisha CM Mohan Majhi to Discuss Development and Diplomatic Engagements
ESIC
ESIC Launches Nationwide Campaign for Amnesty Scheme 2025, Aims to Clear 27,000 Pending Cases
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Shikha Goel
IPS Mukesh Kumar Bhamoo
WhatsApp Image 2025-08-25 at 13.56
ADVERTISEMENT
ADVERTISEMENT