The long-awaited India–UK free trade agreement (FTA) is expected to come into force from the second week of May, according to an official familiar with the development. The pact marks a significant milestone in bilateral economic ties, aiming to boost trade, investment, and job creation in both countries.
The agreement is set to reduce or eliminate tariffs on a wide range of goods, including textiles, automobiles, and alcoholic beverages, while also easing market access for services such as finance, technology, and professional services. Indian exporters are likely to benefit from improved access to the UK market, particularly in sectors like pharmaceuticals, marine products, and engineering goods.
Officials noted that both sides have been working to finalize procedural and legal formalities ahead of the rollout. Once implemented, the FTA is expected to streamline customs processes, enhance regulatory cooperation, and provide a more predictable trade environment for businesses.
Trade between India and the UK has been steadily growing, and the FTA is projected to significantly increase bilateral trade volumes over the coming years. Industry leaders have welcomed the development, highlighting its potential to strengthen supply chains and open new opportunities for exporters and investors.
The agreement also reflects a broader strategy by India to deepen trade partnerships with key global economies, while the UK sees the deal as part of its post-Brexit push to expand trade beyond Europe.