Overview

• The agreement reduces or eliminates tariffs on key goods like whisky, cars, chocolates, and advanced manufacturing parts, with phased reductions over a decade.
• A Double Contribution Convention eases cross-border taxation and social security contributions for workers, benefiting professionals in both countries.
• The deal is expected to increase bilateral trade by £25.5 billion annually by 2040, adding £4.8 billion to UK GDP and £2.2 billion to wages each year.
• Negotiations for a Bilateral Investment Treaty remain ongoing, as the trade deal focuses on goods, services, and professional mobility.
• This is the UK’s most significant trade agreement since Brexit and India’s first major FTA with a Western nation outside Asia and Australia.