India and the UK have finalized a trade agreement. It excludes minimum import prices on British liquor. Import duties on Scotch whisky will decrease gradually over ten years. This move aims to boost Indian exports to the UK. It will also attract foreign investment in the liquor sector. The agreement anticipates increased revenue and better […]
No minimum import duty condition on British alcohol under India-UK FTA: Official
India and the United Kingdom are poised to sign a bilateral trade deal within three months, with implementation expected to take over a year. The agreement includes separate import quotas for British combustion engine and electric vehicles, with phased tariff reductions.
India’s trade deal with the UK has significantly slashed duties on various products. 64% of tariff lines will be eligible for duty-free imports into India immediately after the pact is in force.
The India-UK FTA includes provisions for EV trade, with the UK gaining access to a quota for selling 22,000 high-value EVs at a 10% duty, while India gets a quota for low- and mid-range EV exports to Britain. India will lower automotive tariffs to 10% from the current duty of more than 100%.
UK glam hits desi aisles: British beauty brands set to glam up Indian market as Nykaa, Tira prep for the glow
6 months ago
India and UK free trade agreement will reduce duties on cosmetics. This will lead to more affordable beauty product imports from the UK. Companies like The Body Shop plan to increase imports. Retailers such as Nykaa and Reliance Tira will also benefit. The policy will help meet the growing demand of young Indian consumers.
Arrow still in India’s quiver: FTA allows claiming damages from UK over carbon tax losses
6 months ago
India-UK free trade agreement includes provisions to counter the UK’s Carbon Border Adjustment Mechanism (CBAM), set to begin January 1, 2027. India reserves the right to retaliate or seek compensation for losses incurred by its industries due to the CBAM. This “rebalancing” mechanism aims to shield India from potential disputes at the WTO.
Commerce and Industry Minister Piyush Goyal is scheduled to meet with Export Promotion Councils (EPCs) on May 8 to discuss the free trade agreement with the UK. The landmark deal aims to eliminate taxes on key Indian exports like leather and clothing, while reducing tariffs on UK imports such as whisky and cars.
Adani Ports scouts for opportunities in Asia
6 months ago
Adani Ports and SEZ is strategically targeting expansion into high-growth markets like the Philippines, Vietnam, and Indonesia, alongside the Middle East. This international push aligns with plans to refinance ₹9,034 crore in debt and a ₹12,000 crore investment this fiscal year. The company aims to shift its volume mix, increasing international throughput to 140-150 MMT […]
Milestone for India, UK: Indian labour-intensive exports poised to gain; UK terms it the biggest deal since Brexit
6 months ago
India and the UK have finalized a free trade agreement. This deal seeks to strengthen economic relations between the two nations. British goods like Scotch whisky will become cheaper in India. Duties on Indian exports to the UK will decrease. The agreement covers various sectors including textiles and leather. Bilateral trade is expected to reach […]
President Trump announced that India has agreed to eliminate its high tariffs, a move he attributes to his negotiation skills. He emphasized that India would not have made such an agreement with anyone else. Trump also outlined his vision for trade relations, suggesting countries will pay for the privilege of accessing the US market.