India and the United Kingdom signed the landmark Free Trade Agreement (FTA) about a month and a half after the trade deal was announced. The FTA was formalised in the presence of Prime Minister Narendra Modi and his British counterpart Keir Starmer. India’s commerce minister, Piyush Goyal, was also present at the formal signing ceremony.
India-UK FTA: how it benefits new car buyers
Large engine capacity CBU ICE cars to see significant reduction in prices
In May, the two governments had announced that as part of the FTA, India would reduce tariffs on “high-end cars” imported from the UK from up to 110 percent to just 10 percent. This has now been signed off on, though it will take…
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