UK business leaders welcome UK-India FTA as key economic milestone

William Bain, head of trade policy at the British Chambers of Commerce (BCC), described the deal as “a huge boost to our economies and a welcome lift for our exporters.” He applauded both governments for their sustained efforts during the lengthy negotiation process, adding that tariff reductions on key goods—including clothing—would offer UK exporters a much-needed edge in the Indian market.

“In an era of growing global trade uncertainty, this deal brings much-needed stability and opportunity,” said Bain. “There is great potential for deeper cooperation with India, the fastest-growing major economy, and the follow-up Investment Treaty could further drive growth in manufacturing and other key sectors.”

Richard Heald, chair of the UK India Business Council (UKIBC), echoed these sentiments, calling the FTA a “significant milestone” that reflects the strategic ambitions of both nations. “It matters when the fifth and sixth largest economies sign a trade deal,” he said. “This is a sign of positive momentum and mutual commitment.”

Heald noted that while the full details are yet to be released, the agreement is expected to facilitate greater trade and investment across sectors. He emphasised the need for parliamentary ratification before the agreement can be enforced but expressed confidence that it will unlock long-term benefits for businesses of all sizes, the BCC said in a press release.

“The UKIBC stands ready to support our members, clients, and stakeholders in navigating the opportunities the FTA presents, and we will continue to work closely with both governments to ensure the agreement delivers tangible benefits for businesses of all sizes. We understand that signing of the agreement is starting point and it will need a Parliamentary signoff to enter into force, allowing businesses to take advantage of the new trade rules and opportunities,” Heald added.

ALCHEMPro News Desk (KD)