UK and India Reach 'Landmark' Trade Agreement After three years of intermittent

UK and India Reach 'Landmark' Trade Agreement After three years of intermittent negotiations, the UK and India have finalized a trade agreement that will facilitate UK companies in exporting whisky, cars, and other goods to India, while reducing tariffs on Indian exports of clothing and footwear. 

The British government confirmed that the deal does not alter immigration policies, including those concerning Indian students studying in the UK. Business Secretary Jonathan Reynolds remarked that the advantages for UK businesses and consumers are "huge." In the previous year, trade between the UK and India amounted to £41 billion, with expectations of further growth. The government anticipates that this deal will increase that figure by an extra £25.5 billion annually by 2040. Reynolds met with his Indian counterpart, Piyush Goyal, in London last week to finalize the agreement. Once implemented—possibly within a year—UK consumers can expect to see benefits from lowered tariffs on goods imported from India, according to the Department for Business. The government also highlighted the positive impact this agreement will have on economic growth and job creation by allowing UK firms to increase their exports to India. India is projected to become the world's third-largest economy in the near future. US President Donald Trump's tariff initiatives have prompted other nations to consider their responses, accelerating the drive to establish trade agreements. The UK remains a key trading partner for Indian Prime Minister Narendra Modi's administration, which has set a goal to increase exports by $1 trillion by 2030. This is a developing story, and more information will be provided shortly. 
BBC