India and the United Kingdom have signed a landmark Free Trade Agreement (FTA) during Prime Minister Narendra Modi's visit to the UK, marking a major shift in economic relations between the two countries.
The deal will significantly reduce tariffs on key goods such as Scotch whisky, cars, chocolates, and textiles, with whisky tariffs dropping from 150% to 40% over the next decade. The agreement is expected to boost bilateral trade by over $34 billion annually, create thousands of jobs, and attract billions in investment. While the deal is hailed as a win-win, some Indian industries express concerns about increased competition, and public health advocates warn of potential risks.
The FTA also signals India's broader strategy to open its markets while protecting key sectors, as it eyes similar agreements with the EU and US.
.Bodite prvi, ki bo odgovoril na to splošna razprava .
