UK, India Sign New Free Trade Deal
The U.K. and India announced plans last week to officially sign their new free trade deal (see 2505070036), which is expected to reduce tariffs for a range of goods and make it "easier and cheaper" for British companies to buy…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
India's "best products," the U.K. said. The prime minister's office also said India’s average tariff on U.K. products will drop from 15% to 3%, saying whiskey producers will especially benefit from duties being "slashed in half," with further reductions over the next 10 years. The two sides signed a host of side letters under the agreement, and a 13-page document outlines the deal's chapter on customs and trade facilitation.