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India-UK FTA live July 15: whisky tariffs crash 150%→40%, autos 100%→10%, cosmetics duties phased out
Our read
Accelerate India JV and distribution M&A for UK-origin brands now that landed-cost math works, and scout Indian apparel/footwear targets gaining reciprocal UK duty relief for inbound European platform plays.
The report,
India-UK FTA takes effect July 15, slashing tariffs on British whisky (150% to 40%), autos (100% to 10%) and cosmetics (up to 22% phased out), while lowering UK duties on Indian apparel, footwear and food exports, reshaping retail import economics.
Reported figures
From the report. Source details below
- £25.5 billion annual trade boost
- £400m tariff cuts year one
- 60 months social security
Other figures
- £4.8 billion UK GDP