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?

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.