India-UK free trade agreement to come into force on 15 July
The United Kingdom announced that its free trade agreement (FTA) with India will come into effect from 15 July 2026 after both sides resolved concerns over London’s impending steel tariff regime.[4] The deal is valued at over $6 billion and is expected to boost trade in goods and services between the two countries, particularly in sectors like pharmaceuticals, information technology, and professional services.[4] Negotiations had earlier been clouded by India’s apprehensions over new UK tariffs on steel imports, but both governments have now agreed on a framework that allows the FTA to proceed while they continue discussions on the tariff issue.[4] The agreement will reduce or eliminate duties on a large number of products and streamline customs procedures to facilitate quicker market access.[4] It is also expected to open additional opportunities for Indian skilled professionals in the UK and for British financial and higher education services in the Indian market.[4] Officials from both sides have projected that the pact will significantly increase bilateral trade volumes over the next decade.[4] Analysts view this FTA as part of India’s broader strategy to deepen trade ties with major economies following similar agreements with other partners.[4] The implementation date provides businesses time to adjust supply chains and prepare to utilize the new tariff schedules.[4]
Try the question
The India-UK free trade agreement is scheduled to come into force on which date?
Answer: (b) 15 July 2026
The correct answer is (b) 15 July 2026.