Starmer secures Britain’s biggest post-Brexit trade deal with India in ‘landmark’ agreement
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What we know about UK’s ‘landmark’ trade deal with India
- Prime Minister Keir Starmer has secured a post-Brexit trade deal with India, projected to boost trade by £25.5bn and add £4.8bn annually to the UK's GDP.
- The "landmark" agreement focuses on key sectors like whiskey, gin, cars, and cosmetics, aiming to stimulate economic growth and reduce consumer prices.
- Tariffs on whiskey and gin will be halved immediately, eventually dropping to 40 per cent by 2035, while automotive tariffs will decrease to 10 per cent.
- The deal follows extensive negotiations, concluding with discussions between Business Secretary Jonathan Reynolds and India's Commerce Minister Piyush Goyal.
- While it is being hailed as a significant achievement, critics argue that remaining in the EU would have yielded a more advantageous trade agreement with India.