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Boost for labour intensive sectors

May 07, 2025

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The New Indian Express

INDIA and the UK on Tuesday finally concluded a Free Trade Agreement (FTA) that had been under negotiation for the past three years.

- DIPAK MONDAL @ New Delhi

Boost for labour intensive sectors

The deal opens up the UK market for Indian goods and services by eliminating tariffs on nearly 99% of tariff lines, covering nearly 100% of the trade value. Labour-intensive sectors in India — such as textiles, footwear, carpets, automobiles, and marine products — which currently face UK tariffs ranging from 4% to 16%, are expected to be among the biggest beneficiaries.

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