Overview
- Finalised on May 6 after three years of negotiations, the agreement is expected to be formally signed in the coming weeks
- Tariffs on Scottish salmon exports to India have been eliminated, dropping from 33 percent to zero immediately under the pact
- Scottish whisky duties will be halved from 150 percent to 75 percent on signing and phased down to 40 percent over the next decade
- The deal is projected to add an extra GBP 25.5 billion annually to the current GBP 41 billion in two-way trade and will also boost sectors such as soft drinks and food
- Prime Minister Keir Starmer and industry leaders say the agreement will secure jobs and attract inward investment, and Indian distillers have welcomed the enhanced access