In response to the announcement of a negotiated framework for a UK-India free trade agreement, William Bain, Head of Trade Policy, stated:
“A Free Trade Agreement between the UK and India represents a significant boost for our economies and provides a welcome boost for exporters. Both governments deserve recognition for their proactive engagement with industry and their dedication throughout the lengthy but ultimately successful negotiations.
“In a global environment marked by increasing trade uncertainties, these tariff reductions will offer considerable relief. Industries ranging from Scotch whisky to apparel will benefit, giving UK exporters a competitive advantage and helping to boost sales in India.
“There is immense potential for future growth through a trusted partnership in one of the world’s most rapidly expanding economies.
“Building on our strengths in services—particularly in business, travel, and transportation—this agreement offers real prospects for substantial growth in bilateral trade.
“Additionally, the proposed follow-up Investment Treaty will lay a strong foundation for expanding manufacturing and other sectors in both countries.
“Effective negotiation is key to delivering tangible results for business. Chambers of commerce are eager to collaborate with companies of all sizes to leverage this landmark agreement and drive a significant increase in exports and economic development.”
