{"id":1298141,"date":"2025-07-25T10:06:28","date_gmt":"2025-07-25T04:36:28","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1298141"},"modified":"2025-07-25T10:07:01","modified_gmt":"2025-07-25T04:37:01","slug":"india-uk-trade-deal-these-products-services-will-become-cheap","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/india-uk-trade-deal-these-products-services-will-become-cheap\/","title":{"rendered":"India-UK Trade Deal: These Products\/Services Will Become Cheap"},"content":{"rendered":"\n<p>India and the United Kingdom have signed a landmark <strong>Comprehensive Economic and Trade Agreement (CETA)<\/strong> to strengthen bilateral trade and economic ties. The agreement was formalized in <strong>London<\/strong>, with <strong>Prime Minister Narendra Modi<\/strong> and <strong>UK PM Keir Starmer<\/strong> witnessing the event. Ministers <strong>Piyush Goyal<\/strong> and <strong>Jonathan Reynolds<\/strong> signed the FTA, marking a new era of India-UK economic partnership.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"593\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/07\/Screenshot-2025-05-06-at-7.26.42\u202fPM-1024x593.png\" alt=\"India-UK Trade Deal: These Products\/Services Will Become Cheap\" class=\"wp-image-1298152\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/07\/Screenshot-2025-05-06-at-7.26.42\u202fPM-1024x593.png 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/07\/Screenshot-2025-05-06-at-7.26.42\u202fPM-300x174.png 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/07\/Screenshot-2025-05-06-at-7.26.42\u202fPM-768x445.png 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/07\/Screenshot-2025-05-06-at-7.26.42\u202fPM.png 1088w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Goal: Double Trade to $112 Billion<\/h3>\n\n\n\n<p>Currently, the <strong>bilateral trade stands at $56 billion<\/strong>, and both nations have set an ambitious goal to <strong>double this figure by 2030<\/strong>. The trade agreement is expected to create new jobs, improve market access, and stimulate economic growth on both sides.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">99% Duty-Free Access for Indian Exports<\/h3>\n\n\n\n<p>The biggest win for India is <strong>duty-free access for 99% of its exports to the UK<\/strong>. This move will benefit:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Textiles and garments<\/strong><\/li>\n\n\n\n<li><strong>Leather products<\/strong><\/li>\n\n\n\n<li><strong>Agricultural goods<\/strong><\/li>\n\n\n\n<li><strong>Jewelry and handicrafts<\/strong><\/li>\n<\/ul>\n\n\n\n<p>These sectors, particularly <strong>labour-intensive industries<\/strong>, are expected to experience a surge in exports due to the reduced trade barriers.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">British Goods Get Cheaper in India<\/h3>\n\n\n\n<p>Indian consumers will see <strong>price drops<\/strong> in several British goods:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Whiskey<\/strong>: Import duty will drop from 150% to <strong>75%<\/strong>, and further to <strong>40% over 10 years<\/strong><\/li>\n\n\n\n<li><strong>Electric Vehicles<\/strong>: Duties cut from <strong>110% to 10%<\/strong> within quotas<\/li>\n\n\n\n<li><strong>Premium Cars<\/strong>: <strong>Rolls-Royce, Jaguar Land Rover, Aston Martin<\/strong> to become more affordable<\/li>\n\n\n\n<li><strong>Beauty products, chocolates, lamb, fish, and biscuits<\/strong> will see lower prices<\/li>\n\n\n\n<li><strong>Medical devices and aerospace components<\/strong> will be cheaper for Indian industries<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Limited Impact on Whiskey Prices?<\/h3>\n\n\n\n<p>While the reduction in tariffs on alcoholic beverages is being hailed as a game-changer, <strong>experts suggest the benefit to consumers may be modest<\/strong>. The price cut on premium whiskies might be limited to around <strong>Rs 300 per bottle<\/strong>, with the full benefits unfolding gradually.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Indian Professionals May Gain Too<\/h3>\n\n\n\n<p>Apart from trade in goods, the agreement includes provisions for <strong>easier mobility for Indian professionals<\/strong>, with smoother visa processes and mutual recognition of qualifications being discussed.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Conclusion<\/h3>\n\n\n\n<p>The India-UK FTA is a strategic leap, unlocking new economic opportunities for both nations. While the benefits will take time to fully materialize, sectors like textiles, automotive, alcohol, and med-tech are expected to be the early winners of this landmark deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India and the United Kingdom have signed a landmark Comprehensive Economic and Trade Agreement (CETA) to strengthen bilateral trade and economic ties. The agreement was formalized in London, with Prime Minister Narendra Modi and UK PM Keir Starmer witnessing the event. Ministers Piyush Goyal and Jonathan Reynolds signed the FTA, marking a new era of [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1298152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[381,8344,90],"class_list":["post-1298141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-india","tag-trade-deal","tag-uk"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>India-UK Trade Deal: These Products\/Services Will Become Cheap - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/india-uk-trade-deal-these-products-services-will-become-cheap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India-UK Trade Deal: These Products\/Services Will Become Cheap - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"India and the United Kingdom have signed a landmark Comprehensive Economic and Trade Agreement (CETA) to strengthen bilateral trade and economic ties. 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