The Independent reports on a major post-Brexit trade deal between the UK and India, hailed by Sir Keir Starmer as a significant milestone. This agreement is expected to reduce tariffs on UK products such as whisky, gin, cars, and cosmetics, greatly enhancing trade by £25.5 billion and contributing £4.8 billion annually to the UK economy. The whisky industry is poised to see considerable gains, with tariffs on exports to India set to decrease dramatically over the next decade, exemplifying the deal's potential economic impact and the importance of on-ground reporting in covering such critical developments.
Sir Keir Starmer has hailed as a landmark' an agreement to strike Britain's biggest post-Brexit trade deal with India, which is set to significantly boost UK trade.
Ministers project that the trade agreement will increase trade by £25.5 billion and contribute £4.8 billion annually to the UK economy, positively affecting wages too.
The whisky industry stands to benefit significantly, as tariffs on UK whiskies will drop from 150% to 75%, and eventually to 40% over the next decade.
India represents a massive market for whisky, being the largest consumer globally; UK whisky sales were worth more than £200 million in 2022.
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