07-05-2025
A.P. Chambers welcomes India–UK Free Trade Agreement
AP Chambers of Commerce and Industry Federation president P. Bhaskara Rao and general secretary B. Raja Sekhar welcomed the conclusion of the India–UK Free Trade Agreement (FTA), calling it a historic step towards boosting exports, generating employment and accelerating India's economic growth.
In a press release, they said the FTA offers zero-duty access to 99% Indian exports and opens up major opportunities for sectors crucial to Andhra Pradesh, including textiles, pharma, leather, marine products, engineering goods and food processing.
Most of those sectors were struggling for the past couple of years due to global recession and the Russia-Ukraine war. The India-UK trade pact would significantly enhance economic activity and global competitiveness of the Indian MSMEs and exporters.
The strong commitments in IT, professional and educational services secured by India would make Indian service providers more competitive and open up plenty of opportunities to professionals and youth in A.P., Mr. Rao noted, adding that the pact was in alignment with the Viksit Bharat 2047 vision.
