India and the UK have finalized a free trade agreement seen as crucial for bilateral trade and post-Brexit relations

The recently announced free trade agreement between India and the UK is seen as a significant step in strengthening trade relations, with the UK having access to a market of 1.4 billion consumers. British Prime Minister Keir Starmer emphasized the importance of the agreement, which could increase bilateral trade to 25.5 billion pounds, although the impact on British GDP will be modest. The agreement provides for the gradual reduction of tariffs on a range of products, including cars and alcoholic drinks.