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PM Modi In UK, Long-Awaited Free Trade Deal Expected Today: 10 Points

PM Modi In UK, Long-Awaited Free Trade Deal Expected Today: 10 Points

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The free trade agreement is India's first major bilateral trade agreement with a developed economy in over a decade.

PM Narendra Modi is on his fourth visit to the UK since taking office in 2014 and will hold talks with UK PM Keir Starmer on issues such as trade, health, energy, education and security.

A 10-point cheat sheet on the free trade agreement to be signed by India and the UK

  1. The free trade agreement between India and the UK will be signed during Prime Minister Narendra Modi's visit to London today. Commerce and Industry Minister Piyush Goyal will accompany the prime minister.

  2. The two countries announced the conclusion of the negotiations for the trade agreement on May 6, after three years of negotiations.

  3. The trade agreement proposes to remove taxes on the export of labour-intensive products such as leather, footwear and clothing, while making imports of whisky and cars from Britain cheaper, in an effort to double trade between the two economies to USD 120 billion by 2030.

  4. After the free trade agreement is signed by the commerce ministers from both countries, it will require approval from the British Parliament before coming into effect, as the Indian cabinet has already given its consent to the deal.

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