{"id":12271,"date":"2025-08-26T07:49:41","date_gmt":"2025-08-26T07:49:41","guid":{"rendered":"https:\/\/jewellerynewsindia.com\/?p=12271"},"modified":"2025-08-26T07:49:56","modified_gmt":"2025-08-26T07:49:56","slug":"india-uk-ink-landmark-free-trade-pact-boost-expected-for-gems-jewellery-leather-textiles","status":"publish","type":"post","link":"https:\/\/jewellerynewsindia.com\/index.php\/2025\/08\/26\/india-uk-ink-landmark-free-trade-pact-boost-expected-for-gems-jewellery-leather-textiles\/","title":{"rendered":"India, UK Ink Landmark Free Trade Pact; Boost Expected for Gems, Jewellery, Leather &amp; Textiles"},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-full is-resized has-custom-border\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1000\" height=\"600\" src=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2025\/08\/IMG-5-2.jpeg\" alt=\"\" class=\"wp-image-12273\" style=\"border-width:3px;border-radius:5px;width:743px;height:auto\" srcset=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2025\/08\/IMG-5-2.jpeg 1000w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2025\/08\/IMG-5-2-300x180.jpeg 300w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2025\/08\/IMG-5-2-768x461.jpeg 768w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2025\/08\/IMG-5-2-600x360.jpeg 600w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p>India and the United Kingdom have signed a historic <strong>free trade agreement (FTA)<\/strong> that is set to boost annual bilateral trade by nearly <strong>$34 billion.<\/strong> Finalised during <a href=\"https:\/\/www.pmindia.gov.in\/en\/\" target=\"_blank\" rel=\"noreferrer noopener\">Prime Minister Narendra Modi<\/a>\u2019s UK visit, the pact introduces tariff reductions, smoother professional mobility, and stronger market access provisions, making it one of India\u2019s most extensive trade deals.<\/p>\n\n\n\n<p>The agreement grants Indian exporters <strong>duty-free entry into the UK\u2019s $23 billion market,<\/strong> giving MSMEs a major edge in labour-intensive industries such as <strong>gems and jewellery, textiles, leather, and footwear.<\/strong> India\u2019s gems and jewellery exports to the UK currently stand at <strong>$941 million, including $400 million from jewellery alone.<\/strong> With the UK importing <strong>$3 billion worth of jewellery every year, India\u2019s jewellery exports are projected to double within 2\u20133 years.<\/strong><\/p>\n\n\n\n<p>Negotiated over three years, the pact also outlines a joint plan to address illegal migration. Addressing concerns that the deal could hurt British workers, <a href=\"https:\/\/www.gov.uk\/government\/people\/jonathan-reynolds\" target=\"_blank\" rel=\"noreferrer noopener\">UK Business Secretary Jonathan Reynolds<\/a> clarified that such fears were unfounded and that Indian professionals on temporary assignments would receive the same benefits already available to workers from other countries.<\/p>\n\n\n\n<p>Officials said the FTA guarantees <strong>near-total market access for Indian goods, with tariff removal on 99% of product categories, covering almost 100% of trade values.<\/strong><\/p>\n\n\n\n<p>Alongside the agreement, the two prime ministers are expected to announce an <strong>\u201cIndia-UK Vision 2035\u201d<\/strong> roadmap to deepen ties further amid global shifts.<\/p>\n\n\n\n<p>For Indian consumers, the deal also means lower tariffs on British products such as <strong>cars, medical devices, cosmetics, and beverages,<\/strong> with average tariffs dropping sharply from <strong>15% to just 3%.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India and the United Kingdom have signed a historic free trade agreement (FTA) that is set to boost annual bilateral trade by nearly $34 billion. Finalised during Prime Minister Narendra Modi\u2019s UK visit, the pact introduces tariff reductions, smoother professional mobility, and stronger market access provisions, making it one of India\u2019s most extensive trade deals. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India, UK Ink Landmark Free Trade Pact; Boost Expected for Gems, Jewellery, Leather &amp; Textiles - JNI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jewellerynewsindia.com\/index.php\/2025\/08\/26\/india-uk-ink-landmark-free-trade-pact-boost-expected-for-gems-jewellery-leather-textiles\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India, UK Ink Landmark Free Trade Pact; Boost Expected for Gems, Jewellery, Leather &amp; Textiles - JNI\" \/>\n<meta property=\"og:description\" content=\"India and the United Kingdom have signed a historic free trade agreement (FTA) that is set to boost annual bilateral trade by nearly $34 billion. 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