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    As of April 2025, what percentage of the India-UK Free Trade Agreement (FTA) has been finalised, bringing both the nations closer to concluding t
    Question

    As of April 2025, what percentage of the India-UK Free Trade Agreement (FTA) has been finalised, bringing both the nations closer to concluding the deal?

    A.

    90%

    B.

    80%

    C.

    70%

    D.

    95%

    Correct option is A

    The correct answer is: (A) 90%

    Explanation:

    • As of April 2025, India and the United Kingdom had finalized 90% of the terms of their Free Trade Agreement (FTA).

    • This milestone was announced by Indian Commerce Minister Piyush Goyal and UK Chancellor Rachel Reeves during a meeting in London.

    • The remaining 10% of the agreement involved discussions on specific issues such as tariff reductions on Scotch whisky, automotive quotas, and carbon border taxes.

    • The FTA is expected to be signed by the end of July 2025, with implementation anticipated in 2026 after legal vetting and parliamentary ratification in both countries.

    Information Booster:

    • The India-UK FTA aims to enhance bilateral trade by £25.5 billion annually by 2040.

    • Under the agreement, 99% of Indian exports will benefit from zero-duty access to the UK market.

    • The deal includes provisions for tariff reductions on British goods, such as whisky and automobiles, and aims to boost sectors like textiles, leather, and marine products in India.

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