Big news! The UK and India have just signed a landmark Free Trade Agreement — and here at DKT, we’re genuinely excited about what this means for businesses like yours.
This is the biggest trade deal the UK has made since Brexit, and it’s expected to bring in £25.5 billion in new trade and give the UK economy a £4.8 billion boost. It’s a real game-changer, especially if you’re trading internationally, sourcing from India, or looking to expand overseas.
The agreement cuts taxes (tariffs) on lots of products that move between the UK and India. That means goods can be traded more easily, quickly, and affordably.
Here’s a quick look at what’s changing:
The UK will lower tariffs on Indian goods like:
- Clothes and shoes
- Food products including frozen goods
- Jewellery and precious stones
- Some cars
India will cut tariffs on UK goods such as:
- Cosmetics and personal care items
- Spirits like and soft drinks
- Premium cars
- Popular foods including lamb, salmon, chocolate, and biscuits
- Aerospace parts
- Electrical equipment and machinery
And there’s more…
- 95% of UK exports will benefit from tariff cuts
- Simplified customs procedures will speed up shipping and reduce admin
- Business professionals will find it easier to work between both countries
- Shared standards make it simpler to offer services across borders
“DKT are synonymous with the India<>UK<>India trade having been agents for SCI in The UK for well over a decade. We are successfully servicing both import & export customers, some trading in the products benefiting from the exciting, recently announced FTA. We see this as having huge potential for growth within this already mature, established trade lane. If there was ever a time to explore diversifying into a new market, I would say it is probably now”
Paul Reeves,
Managing Director, DKT Allseas.
What this means for you
If you’re a UK business looking to grow in India, or an importer who depends on Indian products, this deal opens the door to faster, cheaper, and more reliable trade. It’s a major opportunity to expand, adapt your supply chain, or just boost your bottom line.
At DKT, we’ve partnered with SCI who can really help you make the most of the trade deal and to help businesses like yours understand the changes. Whether you’re just getting started or already trading in India, our team is here to guide you through every step. DKT can help with containerised, breakbulk or OOG cargoes.
Let’s make the best of this amazing opportunity and work together.
