Finance
Britain and India clinch landmark trade deal
Published by Global Banking & Finance Review®
Posted on May 6, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 6, 2025
1 min readLast updated: January 24, 2026
Britain and India have reached a landmark trade agreement, boosting trade by £25.5 billion by 2040, with reduced tariffs and market access.
LONDON (Reuters) -Britain and India clinched a free trade agreement on Tuesday, in a landmark deal that represents London's most significant post-Brexit pact, and was finalised in the shadow of U.S. President Donald Trump's tariff increases.
The deal, between the world's fifth and sixth largest economies, has been concluded after three years of stop-start negotiations and aims increase bilateral trade by a further 25.5 billion pounds ($34 billion) by 2040 with liberal market access and eased trade restrictions.
The deal lowers tariffs on goods like whisky, advanced manufacturing parts and food products like lamb, salmon, chocolate and biscuits. It also agrees quotas on both sides for autos imports.
(Reporting by Alistair Smout; editing by William James)
The main topic is the landmark trade agreement between Britain and India, which is a significant post-Brexit achievement for the UK.
The deal aims to increase bilateral trade by £25.5 billion by 2040, with reduced tariffs on goods and eased trade restrictions.
The negotiations for the trade deal between Britain and India lasted three years, with several stop-start phases.
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