India-UK trade pact to help boost exports of labour-intensive sectors, says exporters’ body FIEO

The proposed India-UK trade pact, set to be signed on July 24 during Prime Minister Modi’s visit, is projected to significantly boost Indian exports across various sectors. FIEO anticipates benefits for textiles, leather, gems and jewellery, pharmaceuticals, and engineering goods.

The proposed India-UK FTA is set to significantly benefit Indian sectors like textiles, pharmaceuticals, and engineering goods, potentially doubling bilateral trade to $60 billion by 2030. Expected to be signed during Prime Minister Modi’s UK visit, the agreement aims to eliminate tariffs on a majority of goods, fostering job creation and investment flows, while also […]

Britain and India are poised to sign a free trade agreement, pending parliamentary and cabinet approvals, after three years of negotiations. India will reduce tariffs on nearly 90% of UK goods, while the UK will offer duty-free access to 99% of Indian items.

India and Britain are set to sign a free trade agreement. This agreement aims to reduce tariffs on goods like whisky and cars. The UK will offer duty-free access to Indian textiles and electric vehicles. This pact is expected to significantly increase trade between the two nations. The agreement awaits approval from both the British […]

India’s technical textiles exports saw a substantial rise. Exports reached ₹24,732.68 crore in FY25, a jump from ₹16,100.51 crore in FY21. The growth represents a 15.53% increase over the last year. It also shows almost 11% CAGR over the past four years. The Textiles Minister Giriraj Singh also stated that no National Textile Corporation mill […]

India-UAE bilateral trade surged to $100.06 billion in FY25, up from $72.87 billion in FY22, following the Comprehensive Economic Partnership Agreement (CEPA) signed on February 18, 2022. Effective May 1, 2022, India’s merchandise exports to the UAE increased to $36.63 billion in 2024-25, marking a growth of 7% from $28.04 billion in 2021-22.

India and the US are currently engaged in negotiations for a Bilateral Trade Agreement (BTA), with five rounds of talks already completed as of July 2024. The negotiations, which began in March 2023, aim to foster deeper economic integration and trade liberalization. India’s FTA with the UK is comprehensive and seeks to enhance transparency and […]

Tariff changes by the United States are reshaping its import sources. India is gaining ground in the American market, especially in electronics and textiles. China’s share is declining across various sectors. Vietnam and Indonesia are also benefiting in agriculture. While India’s pharma sector remains strong, steel and chemicals face challenges due to high duties.

Commerce and Industry Minister Piyush Goyal will join Prime Minister Narendra Modi in London for the signing of the free trade agreement between India and the UK on July 24. The agreement, finalized on May 6, aims to eliminate tariffs on key exports and imports, with the goal of doubling trade to USD 120 billion […]

Deputy Trade Commissioner for South Asia at the British High Commission, Anna Shotbolt has said that the India-UK Free Trade Agreement is projected to increase bilateral trade between the two countries by £25.5 billion every year.