What we know about UK’s ‘landmark’ trade deal with India
Sir Keir Starmer has secured the country’s biggest post-Brexit trade deal (PA Wire)
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.