The UK and India have finalized a significant free trade deal after years of negotiations, marking a key post-Brexit agreement for the UK.
The pact, which aims to boost bilateral trade by £25.5 billion ($34 billion) by 2040, lowers tariffs on various goods like whisky, lamb, and biscuits, while also introducing quotas on auto imports.
Indian Prime Minister Narendra Modi hailed the agreement, emphasizing its role in deepening the strategic partnership and driving economic growth. British Prime Minister Keir Starmer noted that the deal will strengthen the UK's economy and open new opportunities for job creation and innovation.
This trade agreement comes as both nations navigate the impact of U.S. President Donald Trump's tariffs, which have disrupted global trade, highlighting the need for more direct bilateral deals between the UK, India, and the U.S. The deal also reflects India's move towards more open markets, including a shift on automobile imports, setting a precedent for future agreements with other Western powers.
The UK-India trade talks began in January 2022 and culminated in this deal amid changing leadership in both countries and a global focus on reshaping trade relationships post-Brexit and amidst U.S. tariff policies.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad sayin...
Russia's Defence Ministry said its forces struck two cargo vessels overnight in the Ukrainian Black Sea port o...
U.S. President Donald Trump said on Saturday he would “love” to see British-run Northern Ireland unify...
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Mexico and the U.S. are racing to secure a trade deal before the U.S. midterm elections in less than eight weeks, according to six sources familiar with the talks, with failed negotiations between Washington and Canada adding urgency.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
A Russian strike on a gas station in Kyiv has killed two people, the city's Mayor Vitali Klitschko said in a statement on Telegram. In Russia, online marketplace Ozon has suspended operations in Saratov, southwestern Russia, following a drone strike on a warehouse in the region.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad saying the strike originated from Iraq.
Russia's Defence Ministry said its forces struck two cargo vessels overnight in the Ukrainian Black Sea port of Chornomorsk, the Interfax news agency reported on Saturday.
U.S. President Donald Trump said on Saturday he would “love” to see British-run Northern Ireland unify with Ireland, remarks made during a visit to Dublin that drew a sharp response from pro-British unionists in Northern Ireland.
BRICS leaders have called for maximum restraint over the war in the Middle East, warning against actions that could further worsen tensions as the United States and Iran resume strikes against each other.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment