India and the United Kingdom signed a landmark Free Trade Agreement (FTA) on July 24, marking a major milestone in bilateral economic relations. The agreement, finalized after more than three years of negotiations, is expected to significantly boost trade, investment, and cooperation between the two countries.
The pact was signed in the presence of Prime Minister Narendra Modi and UK Prime Minister Keir Starmer, with both leaders hailing the deal as a transformative step toward deepening strategic and economic ties.
The FTA is projected to double bilateral trade to over USD 120 billion by 2030, and contribute approximately £25.5 billion to the combined GDP of both nations by 2040. It is the UK’s most comprehensive trade deal since Brexit and India’s most significant agreement with a Western country to date.
CETA is expected to boost trade volumes significantly in the coming years, creating jobs, expanding exports, and supporting a deeper, more resilient economic relationship between India and the United Kingdom.