{"id":83572,"date":"2025-05-08T03:38:13","date_gmt":"2025-05-08T03:38:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/83572\/"},"modified":"2025-05-08T03:38:13","modified_gmt":"2025-05-08T03:38:13","slug":"thanks-brexit-after-3-years-of-negotiations-uk-signs-historic-5bn-trade-deal-with-india","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/83572\/","title":{"rendered":"THANKS BREXIT! After 3 years of negotiations, UK Signs \u2018Historic\u2019 \u00a35bn Trade Deal with India"},"content":{"rendered":"

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The UK has today clinched another deal thanks to leaving the European Union \u2013 a \u201chistoric\u201d Free Trade Agreement (FTA) with India, hailed by ministers as a \u00a35billion-a-year economic booster.<\/p>\n

After more than three years of complex negotiations spanning over 12 policy areas and over 45 sessions, the landmark deal will slash red tape, open up fast-growing markets, and usher in a new era of closer ties with the world\u2019s most populous democracy.<\/p>\n

The Department for Business and Trade declared it the \u201cbiggest and most economically significant\u201d trade pact signed by Britain since Brexit.<\/p>\n

India \u2013 a country long known for its staunch trade protectionism \u2013 has agreed to eliminate or reduce tariffs on 90 per cent of UK exports, with many duties tumbling to zero over the next decade.<\/p>\n

Among the biggest winners is Britain\u2019s iconic spirits industry. Tariffs on UK whisky and gin will plummet from a staggering 150 per cent to 70 per cent immediately, with further cuts to 40 per cent expected within ten years. Industry insiders are calling it a \u201conce in a generation\u201d breakthrough.<\/p>\n

Meanwhile, Britain has reciprocated by cutting tariffs on Indian clothing and footwear \u2013 a longstanding demand from Delhi \u2013 in a move set to make high-street imports cheaper for UK consumers.<\/p>\n

But in a controversial concession, Labour ministers also agreed to exempt Indian professionals working in the UK from paying national insurance contributions both in Britain and at home for up to three years \u2013 a decision critics say amounts to a capitulation.<\/p>\n

Government sources were quick to defend the move, insisting that it does\u00a0not\u00a0signal any change in overall migration policy, stressing that the Home Office was closely involved in discussions and had made immigration a firm \u201cred line\u201d. However, we will wait to see the terms.<\/p>\n

Official figures from Whitehall project that by 2040 the trade deal will:<\/p>\n