India and U.K. sign the Free Trade Agreement
Prime Minister Narendra Modi meets British Prime Minister Keir Starmer during a meeting. India and United Kingdom sign the historic free trade agreement (FTA) in the presence of both PMs and was signed by Union Minister Piyush Goyal and his British counterpart Jonathan Reynolds on July 24, 2025.
| Photo Credit: WPA Pool
Union Minister Piyush Goyal and his British counterpart Jonathan Reynolds sign the Free Trade agreement in the presence of Prime Minister Narendra Modi and his British counterpart Keir Starmer, at Chequers on Thursday (July 24, 2025).
The FTA was signed at Chequers, the British Prime Minister’s official country residence. External Affairs Minister S. Jaishankar, U.K. Chancellor Reeves also present at the signing ceremony.
The FTA is expected to benefit 99% Indian exports from tariff and will make it easier for British firms to export whisky, cars and other products to India besides boosting the overall trade basket, according to officials.
The trade deal, firmed up after three years of negotiations, is expected to ensure comprehensive market access for Indian goods across all sectors and India will gain from tariff elimination on about 99 per cent of tariff lines (product categories) covering almost 100 per cent of the trade values, they said.
Published – July 24, 2025 03:31 pm IST
