NEW DELHI, 06 May 2025: Welcoming the signing of India-UK Free Trade Agreement today, Mr Harsha Vardhan Agarwal, President, FICCI said, “The India-UK Free Trade Agreement is not just a trade pact—it’s a bridge to shared prosperity. It brings a new momentum to sectors like FMCG, healthcare, and innovation-driven enterprises. Guided by Prime Minister Modi’s bold and strategic leadership, this milestone reflects India’s growing stature as a global economic force and a trusted partner in progress.”
FICCI congratulates the Government of India and the UK for concluding the negotiations and signing the pathbreaking India-UK Free Trade Agreement along with the Double Contribution Convention. The India-UK FTA underscores the need for enhanced trade and investment opportunities amidst the current global trade environment that is faced with uncertainties. This deal will be immensely beneficial for Indian exporters looking to enhance their presence in the UK market.
UK is India’s major trading partner. The bilateral trade in goods and services between the two countries is currently more than US$ 50 billion and with the trade agreement in place, this is expected to grow multifold in coming years. “The conclusion of India-UK FTA reinforces India’s growing economic strength and diplomatic influence. The trade deal is balanced and forward looking that will bring mutual gains on both sides,” added Mr Agarwal.
It is heartening to note that the key asks of industry in terms of greater market access for Indian products, enhanced mobility and social security pact to avoid double contribution to social security funds have been considered in the India-UK FTA. We are hopeful that the Indian industry will leverage the opportunities presented by the India-UK FTA and drive the exports going forward.
India-UK FTA is amongst the most comprehensive deals signed by India with a developed economy, covering a wide gamut of bilateral economic co-operation areas. The India-UK FTA will cement the deep relations between the two countries and contribute positively to the economic growth, employment creation and long-term prosperity.
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