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Today, July 24, 2025, marks a historic day as India and the United Kingdom have entered into a Free Trade Agreement—a significant step in the history of bilateral trade between the two nations. The agreement covers 99% of all exports from India, including agriculture, fisheries, pharmaceuticals, engineering goods, and electric vehicles, with virtually zero tariffs. Currently, bilateral trade stands at $56 billion, with a target of $120 billion in the near future.
This landmark pact also brings major relief to Indian professionals working in the UK, who will now be exempt from paying up to three years of social security tax—resulting in estimated annual savings of ₹4,000 crore. The new visa framework further enables extended professional stays in the UK. This deal sets a template for future FTAs with other economies such as the US, EU, and Japan, removing longstanding trade barriers and opening up cooperation in high-tech exports, mobile manufacturing, and semiconductors. We extend our sincere gratitude to Hon’ble Prime Minister Shri Narendra Modi Ji and Hon’ble Commerce Minister Shri Piyush Goyal Ji for their leadership in achieving this milestone.”
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