Page 2 - Latest Updates on India UK Free Trade deal

India-UK trade pact origin rules notified ahead of July 15 rollout

The finance ministry has notified rules for determining the origin of goods under the India-UK trade pact, clearing the way for the agreement's implementation from July 15

Free trade agreements to give major boost to toy exports: Industry

The series of free trade agreements (FTAs) finalised by India, including the ones with the UK and the European Union, will give a major boost to toy exports, according to industry officials. Under the free trade agreements with the EU and UK, Indian toys will get zero duty access, Toy Association of India Chairman Manu Giota said. At present, the products face about 5-6 per cent import duty in these two markets. "These FTAs will catapult us into the major league, he said, adding that these markets account for about 16 per cent of the country's total toy exports, which stood at USD 0.35 billion in 2024. India signed a trade pact with the UK last year, and it will come into force from July 15. The agreement with the 27-nation EU is likely to be signed by December this year and may be implemented next year. Gupta, who is also the CEO of Playgro Toys India, said that huge investments are coming into the sector due to the business-friendly policies of the Narendra Modi-led ...

Transformational growth prime focus of FTA with UK, says Piyush Goyal

Transformational growth should be the prime focus of the India-UK Free Trade Agreement (FTA), Commerce and Industry Minister Piyush Goyal told business leaders at a plenary session in London on Friday. The minister is in the UK on a three-day visit to review the preparedness of both countries for the implementation of the Comprehensive Economic and Trade Agreement (CETA), which comes into force on July 15. During an interactive event organised by the High Commission of India in London, Goyal heard from members of a Federation of Indian Commerce and Industry-led delegation on the sector-wide opportunities on offer from CETA, such as advanced manufacturing, consumer goods, renewable energy, healthcare and tourism. "Collaborations, cooperations, partnerships will be, in my humble opinion, the right way to come in quickly for both British businesses and Indian businesses," Goyal told the gathering. "It will wedge your way faster; not compulsory, of course, your choice. If you are ...

FTA with UK most comprehensive agreement so far, says Piyush Goyal

The Free Trade Agreement (FTA) with the UK is the most comprehensive agreement that India has entered into so far and "sky is the limit" in terms of the economic benefits that will flow from it, Commerce and Industry Minister Piyush Goyal said here Thursday. The minister arrived in the UK on a three-day visit to review the preparedness of both countries for the implementation of the India-UK Comprehensive Economic and Trade Agreement (CETA), which will enter into force from July 15. Addressing the India Global Forum (IGF) UK-India Week at the start of his tour, the minister exhorted businesses in both countries to "seize the moment" and set ambitious targets to boost the estimated 48-billion-pound annual bilateral trading partnership on the back of CETA. "The UK free trade agreement will be the first most comprehensive agreement that India has entered into so far," said Goyal. "It's a partnership between two complementary economies, two growing economies. We understand each other,

India-UK trade pact opens premium vehicle market, protects EV push

JLR says local manufacturing plans remain unchanged as India opens its premium vehicle market to British imports while protecting lower-cost EV segments

India-UK trade pact: What changes for autos, whisky, textiles, steel

Here are the key takeaways from the India-UK trade deal, from lower tariffs on cars and Scotch whisky to duty-free textile access, social security relief for professionals and steel export safeguards

India to allow import of 378K UK cars on lower duty in 15 yrs of trade pact

India will allow the import of 3.78 lakh units of conventional-engine passenger cars, including those in the mass segment, from the UK at concessional customs duty during the first 15 years of the implementation of the trade pact between the two countries. Under the pact, tariffs on automotive imports will fall from about 110 per cent to 10 per cent, with quotas on both sides. According to the India-UK CETA document, released on Wednesday, India will get access to the UK's electric, hybrid/hydrogen passenger cars segment with duty-free exports to that country from the sixth year in the price segment ranging from GBP 20,000 to GBP 80,000, with the total quota reaching a peak of 88,000 units from the 15th year and continuing in the subsequent years. This will benefit Indian manufacturers such as Tata Motors Passenger Vehicles, Mahindra & Mahindra, and Maruti Suzuki, among others. The two countries announced the implementation of the comprehensive trade and economic partnership ...

Stock alert: Gokaldas, Indo Count, Himatsingka, Kitex rally up to 6%

Textile stocks in focus: The British High commissioner cleared the India-UK Free Trade Agreement, and will come into force from July 15, 2026, say reports.

India-UK landmark free trade pact to come into force from July 15

Alongside the trade pact, the Double Contribution Convention will also take effect, easing social security obligations for temporary cross-border workers

Piyush Goyal discusses India-UK ties in innovation, tech with UK trade secy

Goyal said the discussions focused on expanding partnerships that could drive economic growth and create mutual benefits for both countries

India, UK review CETA implementation, discuss roadmap for early rollout

Commerce Secretary Rajesh Agrawal said in a post on X that they took stock of progress and worked though the sticking points

UK won't undermine India FTA benefits; steel imports below quota: Leong

House of Lords member Sonny Leong says the UK remains committed to the India FTA and that steel imports are currently well below proposed quota thresholds

India set to bargain hard in trade negotiations with US, UK this week

Trade agreements with the US and the UK could help cushion some of the headwinds while attracting foreign investment at a time when the rupee is under great pressure

India needs to design policies that will raise FTA utilisation rates

High tariffs and complex compliance requirements continue to deter free-trade agreement utilisation

Steel walls: India should resist delays in implementing landmark FTAs

The embattled Labour government of Keir Starmer needs to show that it is willing to defend British jobs and industries

Steel import curbs delay implementation of India-UK free trade agreement

UK steel import curbs have emerged as a key hurdle delaying the operationalisation of the India-UK free trade agreement, officials said

JLR cuts prices of imported models by up to ₹75 lakh ahead of India-UK FTA

JLR India on Tuesday announced slashing of prices of its Range Rover completely built unit models imported from the UK by up to Rs 75 lakh in anticipation of the India-UK FTA. The key models benefitting from the FTA are Range Rover SV and Range Rover Sport SV, JLR India said in a statement. Under the new pricing, "the Range Rover SV has been repriced from Rs 4.25 crore to Rs 3.5 crore (starting price ex-showroom)", it added. Also, the price of Range Rover Sport SV has been reduced to Rs 2.35 crore from Rs 2.75 crore, significantly strengthening its market positioning, the company added. "The revised prices reflect the new duty structure enabled by the FTA and will be effective immediately," it said. Commenting on the development, JLR India Managing Director, Rajan Amba said,"In anticipation of the India-UK FTA being implemented, we are pleased to extend its benefits to our clients. The updated pricing of Range Rover SV and Range Rover Sport SV underscores our customer-first approa

India-UK free trade agreement to come into force in a month: Piyush Goyal

Commerce Minister Piyush Goyal said the India-UK free trade agreement will come into force in about a month and will be the fastest trade pact approved by the UK Parliament

India-UK free trade pact likely to be implemented in April: Report

The India-UK free trade agreement, signed in July last year, is likely to be implemented in April 2026, according to an official. India and the UK, on July 24, 2025, signed the Comprehensive Economic and Trade Agreement (CETA) under which 99 per cent of Indian exports will enter the British market at zero duty, while tariffs on British products such as cars and whisky will be reduced in India. "We are expecting the pact to be implemented from April this year," the government official said. The two countries have also signed the Double Contributions Convention (DCC) pact to ensure temporary workers would not have to duplicate social levies in either country. The official said that both pacts are likely to be implemented in parallel. The pact needs approval from the UK parliament before it is implemented. In India, the Union cabinet approves such agreements. After it gets approved by the British parliament, it will be implemented on a mutually agreed date. The House of Commons in

Markets pricing in trade deal positives; buy the dips and hold: Analysts

UR Bhat, co-founder & director, Alphaniti Fintech says the trade deals have cleared the air as regards the EU and the US stance, and expects the market to react to finer details of the India-US deal.