The United Kingdom and India on Wednesday announced that their landmark Free Trade Agreement (FTA) will enter into force on July 15, less than a year after it was formally signed marking what London has called the fastest-ever turnaround following signature of a deal of this scale.
Businesses now have 28 days to prepare for the entry-into-force, after which they will be able to trade under the terms of the deal from July 15, the UK's Department for Business and Trade said. The deal is projected to boost UK GDP by £4.8 billion (roughly Rs 51,000 crore) annually in the long run.
