Prime Minister Narendra Modi on a two-day visit on 23-24 July London Will go His visit is the most important towards making India the third economy. According to sources on 24 July London In PM Modi and UK Prime Minister Keer Stormer Free trade agreement in the presence of (FTA) Will be announced However, after 3 years of hard work between the two countries, on 6 May 2025 FTA But it was agreed. However, its Legal work It takes time, so there is a conversation at each point and its written document is being prepared.
According to sources, India-UK Free Trade Agreement around 2000 Page Is of After the implementation of this agreement, trade between India and the UK by 2030 120 Billion US dollar is expected to be. us President Trump Between the tariff policy of India and the UK FTA But the whole world is eyeing, because it is of both countries between Historical The agreement is going to be done. With this agreement, both countries are going to reduce tariff charges on many products and are also making the modalities of business easier. In this agreement, the tariff will be less, but the biggest thing is that the process is easy, which FTA Is the most important point of
What will be less tariff on what things?
FTA India has taken full care of its interests. This is the reason that for the last three years, the two countries were constantly talking about this issue. In this agreement, tariffs on most products and services can be removed or reduced. Of India Textile Industry It is going to get the most benefit from this. Tariffs are expected to be exempted on India’s clothes and shoes exports. Apart from this, carpets from India, car, Jewelery, Gems And Sea Foods The tariff on exports will be reduced, which will increase India’s exports.
Currently, 4 percent to 16 percent tariffs are on these items. In easy language, you can also understand it in such a way that India’s LeatherThe tariff on exports of shoes, clothes, toys will be over. This will increase employment and job opportunities in India and will benefit the Indian market. The prices of all the goods imported from the UK will become cheaper, so that the common man will have to pay less tax on that product than before. India Of Export Industry To Very Big opportunity will get And Export Very Growing of Too Hope Visible Give doing Is.
Which goods will be cheap?
One British According to media reports, Jin to be exported from UK to India, Whiskey, CosmeticsExpensive cars, Chocolate, Biscuits, Medical Device, Electrical Item But the tariff is likely to be reduced. Jin and liquor made in UK Whiskey But there is talk of halved the tariff fee. If we talk about the expensive cars of the UK Jaguar, Land Rover Like cars will now be available in India at a lower price. Indian consumers are expected to benefit from this. Not only FTA After signing on the UK Branded Clothes and Fashion Industry material will also be cheaper in India.
Information is also coming out that Indians Professionals Social security in UK Benfit I will get a discount of 3 years. This one Contradictory There will be agreement, Ie This of both countries Professionals Will apply to Business In the language of it Double Contribution Convention It is also said, on which India and the UK are seen agreeing. So far from one country to another Transfer In case of being, an employee gets his own in both countries Pf And social security like pension has to be deducted, which affects the employee’s zeb and cuts money in two places, but now FTA Under India and UK employees in each other’s country Salary There will be relief from the cut twice.
Negotiations between Britain-India historic- High Commissioner
India of India in UK High commissioner Vikram Doraswami Done ABP News Talking to said, ,on my level FTA It would not be appropriate to announce. Prime Minister Narendra Modi is coming on 23 July and we all should wait for him. FTA The conversation between the two countries is going on, They It is very historical. This will see a big improvement in India’s economy and it will be easy to trade between the two countries. Hard work is going on to complete the free trade agreement and take care of every aspect kept Went Is.,
Indian High commissioner Done Told that India’s eagleToday the whole world is looking at the capacity of India and India and is moving towards India. FTA In IlCurtonic And IlCantic There has been a lot of emphasis in the sector as well, but the biggest thing is that the tariff will be less, along with the methods of business are being made easier. Indian High commissioner pointed out that ICT (Inter Company Transfer) Also FTA Has been kept in companies Transfer On being done, social security of employees can also be taken care of. Indian High commissioner Said that PM Modi will hold bilateral talks with the UK Prime Minister during this period and the UK King Charles Will also meet
FTA What happens?
FTA Of Bull Form Is- Free Trade Agreement Ie Free trade agreement. This agreement is between 2 countries and under it both countries on more and more products charge KhatM Do or reduce This promotes trade and investment between both countries.
Overall, free trade agreement between India and the UK Fifth note of musical scaleMr. Modi One will be counted among the big works of the world, because after it, India is easily moving towards becoming the third number economy in the world. With UK FTA After the completion European Union ,EU, Along with the end of this year FTA It is being told possible. At the same time, talks with America are still going on.