UK Reaches Free Trade Agreement with India

BlockBeats News, May 6th, the UK government has stated that India will reduce tariffs on 90% of UK imports, with 85% reaching zero tariffs within ten years. Additionally, India will cut tariffs on UK-imported whisky and gin by half to 75% and reduce car tariffs to 10% under quota.

By 2040, the UK-India agreement is expected to increase the UK's GDP by £4.8 billion annually, and the trade deal will boost bilateral trade by £25.5 billion per year. (Kryptonian)