India and the UK have officially concluded a landmark Free Trade Agreement (FTA) aimed at deepening bilateral trade and investment ties. Announced on 6 May 2025, the FTA removes tariffs on 99% of Indian exports and introduces forward-looking provisions in services, labour mobility, and regulatory cooperation.
Described as a “historic and ambitious deal,” the agreement is expected to unlock substantial economic value for both nations, boost job creation, and provide greater market access for Indian exporters and service providers. Key features include a three-year exemption from UK social security contributions for Indian professionals and reduced barriers across high-value and labour-intensive sectors.
As both countries move toward legal ratification and implementation, businesses should begin evaluating product-specific tariff benefits, assessing supply chains, and aligning their trade and compliance strategies.
Explore our detailed Tax & Trade Alert to understand the strategic implications and how you can prepare.
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