Business and Trade Secretary Jonathan Reynolds hailed the agreement as a breakthrough for UK prosperity:“The billions brought to our economy from the trade deal signed today will reach all regions and nations of the UK, so working people in every community can feel the benefits. The nearly £6 billion in new investment and export wins announced today will deliver thousands of jobs.”In his departure statement, Prime Minister Modi called the UK “a comprehensive strategic partner,” noting the two countries have made “significant progress” across sectors including technology, health, education, and sustainability.The timing is symbolic – exactly one year after the UK and India signed the Technology Security Initiative. Today’s agreement includes further pledges to collaborate on emerging technologies and bolster national security.The British readout said thanks to the deal, average tariffs on British exports to India will fall from 15% to just 3%, improving access for UK products from soft drinks and cosmetics to vehicles and medical equipment. Indian exporters will also benefit from liberalised access to the UK market.PM Starmer added: “We’re putting more money in the pockets of hardworking Brits and helping families with the cost of living. This deal shows what we can achieve on the global stage – strong relationships, secure investments, and shared prosperity.”
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