Foreign Secretary Vikram Misri announced on Friday that the India-UK Free Trade Agreement (FTA) is set to enter into force from July 15. The announcement came during a press briefing where Misri highlighted the key pillars of Prime Minister Narendra Modi's visit to France.
Key Pillars of the Visit
Misri emphasized that trade, technology, and regional and international security are the central themes of the Prime Minister's engagements in France. The FTA with the United Kingdom is expected to boost bilateral trade and investment, creating new opportunities for businesses in both countries.
Trade and Economic Cooperation
The India-UK FTA has been under negotiation for several years, with both sides working to resolve outstanding issues. The agreement is expected to reduce tariffs, enhance market access, and strengthen supply chains. Misri noted that the deal would benefit sectors such as pharmaceuticals, textiles, and information technology.
Technology and Innovation
Technology cooperation is another major focus. The two countries plan to collaborate on emerging technologies like artificial intelligence, quantum computing, and clean energy. This partnership aims to drive innovation and create jobs in both economies.
Security and Geopolitical Dimensions
On the security front, Misri highlighted discussions on regional stability, including the Indo-Pacific region, counter-terrorism, and maritime security. The UK and India share common interests in ensuring a free and open Indo-Pacific.
Implementation Timeline
The FTA will officially come into force on July 15, 2026, following the completion of domestic ratification processes in both countries. Misri expressed confidence that the agreement would be implemented smoothly, with customs procedures and regulatory frameworks aligned by the deadline.
The announcement has been welcomed by industry bodies, with many expecting the FTA to significantly boost bilateral trade, which currently stands at around $50 billion. The agreement is also seen as a step towards strengthening the broader strategic partnership between India and the UK.
