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Al Jazeera
Al Jazeera
Business

India, UK agree ‘historic’ trade deal including tariff cuts

Britain's Secretary of State for Business and Trade Jonathan Reynolds welcomes Indian Minister of Commerce and Industry Piyush Goyal for trade talks, in London, Britain, April 28, 2025 [Department for Business and Trade/Handout via Reuters]

India and the United Kingdom have agreed to a trade deal that comes after three years of negotiations and that they say will boost their economies amid the fallout from US President Donald Trump’s tariffs.

The British government said on Tuesday that the deal “is expected to increase bilateral trade by 25.5 billion pounds [$34bn], UK GDP by 4.8 billion pounds [$6.4bn] and wages by 2.2 billion pounds [$2.9bn] each year in the long run”.

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