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LONDON DAILY ARCHIVE

UK and India Sign Ambitious Free‑Trade Deal

$56 billion trade to grow with tariffs slashed

24 July 2025 · 23:06 UTC

At a ceremony at Chequers, India and the UK finalized a landmark free‑trade agreement eliminating tariffs on 99 percent of Indian exports and cutting duties on 64 percent of British goods, with projected annual bilateral trade growth of $34 billion, aiming for $120 billion by 2030.