UK trade pact is forerunner to India-US deal
The earlier trend of raising import duties was protectionist and not in the industry’s long-term interests.
Updated At : 06:50 AM Jul 30, 2025 IST
Pathbreaking: Tariff concessions have been granted on previously rigid product categories. Reuters
INDIA’S free trade agreement with the United Kingdom has grabbed headlines, but it is likely to be overshadowed soon by the forthcoming deals with the European Union and the United States. The UK occupies a disproportionately large share of public interest owing to the close cultural and societal ties between the two countries. But the economic and business relationship is considerably smaller than with the EU, the US or China, which remain this country's major trading partners.
