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The Independent UK
The Independent UK
National
Archie Mitchell

What we know about UK’s ‘landmark’ trade deal with India

  • Prime Minister Keir Starmer has secured a post-Brexit trade deal with India, projected to boost trade by £25.5bn and add £4.8bn annually to the UK's GDP.
  • The "landmark" agreement focuses on key sectors like whiskey, gin, cars, and cosmetics, aiming to stimulate economic growth and reduce consumer prices.
  • Tariffs on whiskey and gin will be halved immediately, eventually dropping to 40 per cent by 2035, while automotive tariffs will decrease to 10 per cent.
  • The deal follows extensive negotiations, concluding with discussions between Business Secretary Jonathan Reynolds and India's Commerce Minister Piyush Goyal.
  • While it is being hailed as a significant achievement, critics argue that remaining in the EU would have yielded a more advantageous trade agreement with India.

IN FULL

Starmer secures Britain’s biggest post-Brexit trade deal with India in ‘landmark’ agreement

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