India will gradually lower import duties on specific medical devices from the sixth year onward under its free trade agreement with the UK, prioritizing domestic manufacturing. This decision balances consumer needs with the ‘Make in India’ initiative.
India to cut duty only from 6th year on PLI-backed medical devices in UK trade pact
British Prime Minister Keir Starmer announced a historic trade deal with the US, following a similar agreement with India. The US deal, finalized after a call with President Trump, cuts car export tariffs and eliminates steel tariffs, benefiting UK carmakers, steelworks, and farmers. The agreement also paves the way for future UK-US technology partnerships in […]
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 […]
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.
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.
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%.
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.
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.