India-UK FTA: Auto duty cuts in 10-15 yrs; safeguards in place to protect industry

  • Posted on May 8, 2025
  • By Business News Today
  • 2 Views
India-UK FTA: Auto duty cuts in 10-15 yrs; safeguards in place to protect industry

India and the UK have finalized a free trade agreement. It aims to double commerce by 2030. The deal lowers tariffs on Indian exports. British firms will find it easier to export to India. Duty reductions on cars will occur over 10-15 years. Quotas will limit petrol, diesel, and electric vehicle imports. The FTA offers opportunities for India's services sector.
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