UK-India FTA Likely to Take Effect by End-April as Final Tax Issues Get Resolved

The government is expected to notify the implementation of the India-UK Free Trade Agreement (FTA) by the end of April, according to official sources. The much-anticipated trade pact, which has been under negotiations for over two years, is in its final procedural stages, with officials ironing out remaining issues related to certain taxation concerns and duty structures.The FTA aims to expand market access for goods and services, facilitate investments, and boost bilateral trade, which currently stands at over USD 20 billion annually. Both sides have already completed the legal vetting process of the agreement, and the domestic consultation phase is nearing completion. The final approval is expected to pave the way for tariff concessions across multiple sectors including textiles, automotive components, and alcoholic beverages. The notification’s timing will align with the government’s broader trade liberalization agenda ahead of the new fiscal year.

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