Page 8 - Fta

Diageo to cut Scotch prices in India as UK FTA halves import duties

Duties on UK-made whisky and gin will drop from 150% to 75%, and then to 40% over 10 years under India-UK Free Trade Agreement; Diageo to pass on savings

UK FTA: India may leave Pakistan, Türkiye behind in textile exports

India's apparel and home textiles shipments to the UK attract an 8-12 per cent import duty, that would be scrapped under the FTA expected to come into force in calendar year 2026

Medtech industry seeks FTA advisory board to counter non-tariff barriers

Industry groups want a joint FTA advisory body to address regulatory hurdles and dumping risks as India negotiates trade deals with the US, EU and UK

FTAs: It is time for India to pause and reassess its trade strategy

While the full FTA text remains undisclosed, publicly available details reveal signs of concern. This write-up flags three key issues

India, EU to hold next round of FTA talks from Monday for early conclusion

India and the European Union (EU) chief negotiators will begin the next round of talks on the proposed free trade agreement (FTA) here from Monday, with an aim to conclude the first phase of the pact as early as possible, according to an official. The two sides have agreed to conclude the agreement in two phases on account of the uncertain global trade environment, particularly due to the US tariff actions under President Donald Trump. "The EU team will be here for the 11th round of negotiations. It will continue till May 16," the official said. Issues where there is convergence would be included in the first part of the agreement. They are aiming to conclude the second part by the end of this year. Talks for the previous (tenth) round focused on areas like market access offers in goods, services, investment and government procurement. India has followed the practice of negotiating trade pacts in two phases with Australia. It is following a similar approach to the US. Commerce ..

US seeks greater India market access for its data centre companies

May negotiate favourable conditions under BTA

No duty cuts on UK wines in India FTA; limited relief for British beer

India is not giving any duty concessions on British wines and is providing only limited import duty benefits on UK beer under the free trade agreement (FTA) between the two countries, announced on May 6, an official said. The other sensitive agri products where India will not offer any reduction in the import duty include dairy products, apple, cheese, oats, animals and vegetable oils under the agreement with the United Kingdom. "Wine is on the exclusion list, along with several other agricultural products in the trade pact. We are also offering only a limited duty concession on British beer," the official said. India and the UK on May 6 announced the conclusion of the free trade agreement which will make British Scotch whiskey and cars cheaper in India, while reducing duties on Indian imports such as garments and leather products here. As per the agreement, India will reduce duty on UK whiskey and gin from 150 per cent to 75 per cent and further to 40 per cent in the tenth year of

'US-UK FTA can serve as launch pad for Indian firms to enter US mkt'

MEA's Dammu Ravi says Indian firms can leverage the US-UK trade pact to expand into American markets, but cautions on supply chain gaps and infrastructure hurdles

Smartphones, electric vehicles off limits in India-UK free trade agreement

Government officials said that while the deal was concluded on Tuesday, implementation could take over 15 months

Free trade agreement fix: Liquor industry red flags UK maturation norms

According to the UK and European Union (EU) regulations, a spirit must be matured for a minimum of three years in wooden casks to be legally defined and sold as "whisky."

UK trade deal likely to serve as model for India's FTAs with EU, US

The long-pending deal with the UK was finalised on Tuesday

Step forward for trade: India-UK FTA is more comprehensive than expected

Whitehall has suggested the FTA will lead to an additional increase of 10 basis points in the UK's gross domestic product (GDP) growth rate every year

India-UK FTA highlights: Whiskey, luxury cars set to get cheaper

As the world watched India’s bold military action under ‘Operation Sindoor’, the country made an equally calculated and impactful move on the global economic stage.

FTA with UK to help double garment exports to Britain in 3 years: AEPC

The free trade agreement (FTA) with the UK will help double India's ready-made garment exports to Britain in the next three years, AEPC said on Wednesday. Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri said that against the backdrop of demand contraction in major economies, Russia-Ukraine conflict, Israel-Hamas war, American reciprocal tariff and Chinese belligerence, there was uncertainty and disruption impacting the global trade adversely. "This deal has come as a boon, removing immediately tariff disadvantage of 9.6 per cent and making us competitive in the UK market. Now the Made in India ready-made garment will be cheaper on UK shelves and we will be at par with some of our major competitors who enjoyed duty-free access in the UK market," he said. India is the fourth largest supplier of garments with a 6.1 per cent share of the total RMG import of the UK. The exports to the UK from India grew 7.8 per cent to USD 1.4 billion in 2024-25. "With this deal in place

Scotch whiskey to get cheaper in India as import duty slashed under UK FTA

India-UK trade pact to halve Scotch whisky import duty to 75 per cent initially, then 40 per cent over 10 years; move expected to cut prices, boost exports, FDI, and premium brand access

India, UK seal free trade deal; PM Modi calls it 'historic milestone'

Duplication of social security contributions to be nixed too

India-UK FTA: Double contribution convention pact to help Indian IT firms

IT industry body Nasscom said securing the DCC within the India-UK FTA is a crucial step and a big win for the Indian IT industry

India-UK FTA: From auto to textiles, India Inc hopes to reap benefits

Medical-device makers apprehensive due to the China factor

Last-mile hurdles keep India-UK FTA elusive despite intense talks

The development follows Commerce and Industry Minister Piyush Goyal's visit to London, where he was on a two-day trip starting Monday

India, EU to negotiate FTA by year-end, says German envoy Ackermann

I think there is a dedication, commitment to the FTA between India and Europe, he said