The UK and India have reached a landmark free trade agreement after over three years of negotiation, which aims to enhance economic ties and mutual benefits. Expected to add £25.5 billion to bilateral trade by 2040, the deal will significantly reduce tariffs on numerous British products in India, particularly whisky and lamb. Prime Ministers Keir Starmer and Narendra Modi lauded the agreement as a pivotal moment that will stimulate growth and innovation in both countries, marking a notable step forward following previous stalled discussions under the former UK administration.
British Prime Minister Keir Starmer hailed 'a new era for trade and the economy.' He added, 'Today we have agreed a landmark deal with India... which will grow the economy and deliver for British people and business.'
Indian Prime Minister Narendra Modi described the deal as a 'historic milestone' that will 'catalyse trade, investment, growth, job creation and innovation in both our economies.'
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