The United Kingdom and India have officially reached a trade agreement that is expected to facilitate the export of whisky, cars, and other products from the UK to India. Additionally, the deal will lower taxes on India’s exports of clothing and footwear. This agreement, described by the BBC as a “landmark” deal, was finalized after three years of negotiations.
According to the UK government, the trade deal, which is being hailed as a “reference point”, does not involve any changes to immigration policies, including regulations for Indian students studying in the UK.
Prime Minister Sir Keir Starmer emphasized that the deal would stimulate economic growth and produce positive outcomes for both British businesses and the people of the UK.
Last year, trade between the two countries reached £42.6 billion, and it is projected to grow even further. The government estimates that this agreement will add an additional £25.5 billion to the annual trade value by 2040.
