AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
  • Select Language
    • English
    • हिंदी
    • ગુજરાતી
  • Advertise With Us
AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
AnyTV News

‘Historical’ free trade agreement is completed between India-Britain, these items including whiskey, cars will be cheap

by Aaryan Srivastav
May 6, 2025
'Historical' free trade agreement is completed between India-Britain, these items including whiskey, cars will be cheap

Photo: File FTA between India and Britain

India and Britain on Tuesday completed a ‘historic’ free trade agreement that would remove the duty on export of labor-dominated products such as leather, shoes and clothing, while the import of whiskey and cars from Britain will be cheaper. The agreement is expected to double the trade between the two economies by 2030 to $ 120 billion. The world’s fifth major economy India and the sixth major economy Britain have completed this trade agreement after a three -year dialogue. In the UK market, 99 percent of Indian products will be reduced to zero when the FTA is implemented, while Indian workers will be allowed to travel without changes in Britain’s immigration system.

No concession for British dairy products, apples, cheese

Under the FTA, dairy products, apples and cheese, will not give any concession to Britain in import duty on agricultural commodities like apples and cheese. An official gave this information on Tuesday. The official said that about 10 percent fees lines are in the list of sensitive goods. India and Britain on Tuesday announced the completion of talks on FTA.

Both countries will benefit

Apart from this, taxes will be cut on the export of Indian textiles, frozen shrimp, jewelery and gems. Similarly, import duty of whiskey and gin liquor varieties from Britain will also be cut. The duty on import of vehicles under both sides quota will be 10 percent, which will benefit vehicle companies like Tata-JLR. Indian products entering zero charges in the UK include minerals, chemicals, gems and jewelery, plastic, rubber, wood, paper, clothes, glass, ceramic, mechanical and electric machinery, weapons/ammunition, transport/vehicle, furniture, sports goods, animal products and processed foods.

PM Modi described ‘historic milestone’

Prime Minister Narendra Modi announced the completion of these agreements after talking to the British Prime Minister Care Stmper over the phone. Describing it as a ‘historic milestone’, Prime Minister Modi said, “India and Britain have successfully conducted an ambitious and mutually beneficial free trade agreement (FTA) with a double contribution agreement.” He said, “These historical agreements will deepen our comprehensive strategic partnerships and will encourage business, investment, development and innovation in the economies of both countries and will encourage the economies of both countries.” The Prime Minister’s stormer also described it as historic and said that it will improve working people and businesses in both countries.

Indian professionals will benefit big

The two countries have also completed negotiations on the double contribution agreement with the FTA. This will help Indian professionals working for a limited period in the UK to avoid double contribution to the Social Security Fund. The Commerce Ministry said, “Indian workers and their employers temporarily governed from the double contribution agreement to get a significant financial benefit to the Indian service providers when they get a significant financial benefit when they are exempted from paying social security contribution to the UK for a period of three years.” However, negotiations on bilateral investment treaties (BIT) between India and Britain are still on. Previously, there were plans to complete all three agreements simultaneously.

Ministry of Commerce called historical agreement

The Ministry of Commerce said that the FTA is a modern, comprehensive and historical agreement with Britain, which also wants to achieve intensive economic integration with trade liberalization and duty concessions. The ministry said that India will benefit from the removal of fees on about 99 percent of the product categories, which covers about 100 percent of the trade price. On the services front, India will also benefit in areas like information technology and related services, finance, professional and educational service. The ministry said, “I will open immense opportunities in Britain for talented and skilled Indian youth, which is a major global center for digital services due to its strong financial and professional service sectors and advanced digital infrastructure.”

Latest business news

SendShareShareTweetSharePinShareSend

Related Posts

sdafd
Business

ED raids on 50 locations related to Anil Ambani, action in Yes Bank loan fraud case worth ₹ 3000 crore

by Aaryan Srivastav
July 26, 2025
dsafd
Business

Changes in gold and silver prices again, know 24k, 22k, 18k and 14k gold prices

by Aaryan Srivastav
July 26, 2025
dfsgf
Business

UPI will not be free … RBI’s big signal, why the end of free digital transactions is near?

by Aaryan Srivastav
July 26, 2025

Latest News

afd
Astrology

What is the Sutak period and why is it considered inauspicious? Know everything here

by Sandhya Hirani
July 27, 2025
sdafds
Lifestyle

These special leaves make hair longer, thick and strong, they can be made at home

by Kavita Nagar
July 27, 2025
हादसों में डूबी राजस्थान सरकार! झालावाड़ घटना पर सचिन पायलट का गुस्सा फूटा -
Politics

Rajasthan government immersed in accidents! Sachin Pilot’s anger erupted on the Jhalawar incident – ‘Worse and what …’, watch video

by Sandhya Hirani
July 27, 2025
afd
Astrology

“Hariyali Teej 2025 Puja” Do Hariyali Teej Puja, happiness, prosperity and peace at home at home

by Sandhya Hirani
July 27, 2025
AnyTV News

AnyTVNews is a prominent digital news channel in India, known for delivering the latest updates on politics, sports, entertainment, and local events. The channel’s dedicated team of journalists and reporters ensures that viewers receive accurate and timely information from every corner of country. AnyTVNews has built a reputation for its fast and reliable news service, making it a trusted source for the people of India. The channel’s programs and news bulletins are highly popular among viewers, establishing AnyTVNews as a significant player in the news landscape.

CONNECT WITH US

TRENDING TOPICS

  • Agriculture
  • Astrology
  • Automobiles
  • Business
  • DIY
  • Education
  • Election
  • Entertainment
  • Gadgets
  • Health
  • India
  • Internet
  • Lifestyle
  • Mobile
  • News
  • Opinion
  • Politics
  • Regional
  • Sports
  • Technology
  • Uncategorized
  • Viral News
  • World

READ NEWS IN

  • Hindi
  • Gujarati
  • English

FOLLOW US ON

Follow us on Google News
  • About Us
  • Advertise With Us
  • Disclaimer
  • DMCA Policy
  • Privacy Policy
  • Contact Us

© 2025 AnyTV News Network All Rights Reserved.

No Result
View All Result
  • Select Language
    • हिंदी
    • ગુજરાતી
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Lifestyle
  • Health
  • Automobiles
  • Education
  • Viral News
  • Agriculture
  • Astrology
  • Election
Follow us on Google News

© 2025 AnyTV News Network All Rights Reserved.