UK and India sign biggest post-Brexit trade deal
The UK and India have struck an 'ambitious and mutually beneficial' free trade deal after three years of negotiations, Narendra Modi has announced.
Mr Modi, the Indian Prime Minister, revealed the news on social media after holding a call with Sir Keir Starmer on Tuesday.
The deal is expected to see India, the world's fifth biggest economy, lower tariffs for a string of goods from the UK in a move that will boost growth.
Successive Tory prime ministers had been pursuing the deal, with talks beginning in January 2022, but it was not concluded when the Conservatives were kicked from office last summer.
Mr Modi wrote on X: 'Delighted to speak with my friend Prime Minister Keir Starmer. In a historic milestone, India and the UK have successfully concluded an ambitious and mutually beneficial Free Trade Agreement, along with a Double Contribution Convention.
'These landmark agreements will further deepen our Comprehensive Strategic Partnership, and catalyse trade, investment, growth, job creation, and innovation in both our economies. I look forward to welcoming PM Starmer to India soon.' More to follow.
It is the UK's biggest trade deal since Brexit.
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