The United Kingdom and India have signed a trade agreement that will reduce tariffs on goods from textiles to whisky, cars and spices and allow more market access for businesses. British PM Keir Starmer hailed the agreement as a “landmark moment” for both countries.
Breakdown
- The UK and India have signed a free trade agreement after three years of negotiations. 5s
- The deal covers sectors including AI, critical minerals, semiconductors, and cybersecurity. 32s
- India will reduce tariffs on British whisky, cars, and some food items; the UK will offer near duty-free access to Indian textiles and electric vehicles. 55s
- The UK made concessions on temporary worker taxes and excluded a proposed carbon tax. 1m 25s
- The agreement does not address India's ties with Russia, but both nations have prioritized trade. 1m 43s
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