‘Most ambitious and aspirational of FTAs’: India-U.K. trade deal set to come into force on July 15
The India-U.K. Comprehensive Economic and Trade Agreement will come into force on July 15, with the U.K. set to eliminate or reduce tariffs on 98.8% of its tariff lines and 99.5% of trade value. This trade deal is described as the most ambitious and aspirational free trade agreement (FTA) between the two nations. The agreement aims to enhance bilateral trade and economic cooperation significantly.