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India and UK set to sign a free trade agreement aiming to double their bilateral trade by 2030.
India and the UK are set to sign a comprehensive free trade agreement (FTA) on July 24, 2025, during Prime Minister Narendra Modi's visit to London. The FTA aims to boost bilateral trade to $120 billion by 2030, from $55 billion in 2023. Key provisions include significant tariff reductions on UK goods like whisky, cars, and medical devices, and duty-free access for 99% of Indian exports to the UK. The deal will also simplify mobility for Indian professionals and provide a three-year exemption from social security contributions for temporary workers in the UK. The agreement must be ratified by the British Parliament before taking effect.