Overview

• The agreement signed on July 24 sets a 2030 target of boosting bilateral trade to $120 billion and spans 30 chapters covering goods, services, investment, intellectual property and sustainability.
• Key sensitive sectors including dairy, rice and sugar remain protected from new competition under India’s terms.
• Once UK Parliament ratifies the deal, over 99% of Indian exports and about 90% of UK goods will qualify for reduced or zero tariffs.
• Import duties on Scotch whisky will be halved from 150%, a move that could lower retail prices by roughly 8–10% after implementation.
• As the first major post-Brexit pact with a large economy, the deal also lays groundwork for expanded cooperation in services, education and innovation.