A free trade agreement between India and the United Kingdom has come into effect, allowing zero-duty market access for nearly 99% of India's exports to the UK. Concurrently, US senators have introduced a bill proposing to impose 100% tariffs on India due to its purchases of Russian oil.
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India-UK Free Trade Agreement Takes Effect
India's free trade agreement with the UK has been implemented, enabling zero-duty access for almost all of India's exports. At the same time, US senators are advocating for a bill that would impose significant tariffs on India related to its oil transactions with Russia.
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India's 'most ambitious' trade deal with UK takes effect
India-UK Free Trade Agreement Takes Effect