India and UK have recently signed a landmark free trade agreement. The agreement was officially signed by Prime Minister Modi and his UK counterpart Kier Starmer on Thursday. This trade pact is set to improve market access for a wide range of products between the two nations.
Details of the Trade Pact
The free trade pact between India and the UK aims to boost economic cooperation and strengthen bilateral relations. It will pave the way for increased trade opportunities, benefiting businesses in both countries.
Key Highlights
Under the agreement, tariffs on various products will be reduced or eliminated, making imports and exports between India and the UK more competitive. This move is expected to create new business opportunities and promote growth in both economies.
Future Implications
The signing of this trade pact is a significant step towards fostering closer economic ties between India and the UK. It signals a commitment to enhancing trade relations and exploring new avenues for collaboration in the global market.
This is a developing story, and further updates are expected soon.
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