India, UK to unveil mega roadmap to boost ties, ink landmark FTA
The FTA, billed as the UK's most economically significant bilateral trade deal since leaving the European Union, will be signed in the presence of Prime Minister Narendra Modi and his British counterpart Keir Starmer.
The two prime ministers will also unveil an "UK-India Vision 2035" to take their partnership to new heights in a time of rapid global change.
The UK said Indian consumers will benefit from improved access to the best British products -- from soft drinks and cosmetics to cars and medical devices -- as average tariffs will drop from 15 per cent to 3 per cent after the FTA kicks in.
The UK already imports 11 billion pounds in goods from India but liberalised tariffs on Indian goods will make it easier and cheaper for British consumers and businesses to buy Indian products and boost Indian businesses' exports to the UK, it said in a statement.
"Our landmark trade deal with India is a major win for Britain," Starmer said.
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