The United Kingdom and India have signed a landmark free trade agreement (FTA), hailed as a 'historic' moment by both Prime Ministers Keir Starmer and Narendra Modi. The deal slashes tariffs on a wide range of goods, including Scotch whisky, textiles, cars, and cosmetics, and opens up new opportunities for services, technology, and investment. It is projected to boost bilateral trade by over $34 billion annually, create thousands of jobs, and attract billions in cross-border investment. While the agreement is celebrated for its economic potential and as a symbol of deepening ties, concerns remain over access to affordable medicines and the impact on certain domestic industries. The FTA also includes provisions for dispute resolution, gender empowerment, and a roadmap for future cooperation, marking a significant shift in both countries' global trade strategies.
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