India and the United Kingdom have signed a landmark free trade agreement (FTA) that will significantly reduce tariffs on a wide range of goods, including textiles, whisky, cars, and pharmaceuticals. The deal is expected to boost bilateral trade by over $34 billion annually and create thousands of jobs in both countries. Key sectors such as textiles, leather, seafood, and premium spirits are set to benefit, with tariffs on UK whisky and gin dropping from 150% to 40% over the next decade. The agreement also includes provisions for increased investment, new visa routes, and regulatory cooperation, while protecting sensitive sectors like local apple growers. This FTA marks a major shift in India's trade policy, signaling openness to global markets and setting the stage for future deals with the EU and US.
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