Core Viewpoint - India and the UK have signed a Free Trade Agreement (FTA) after years of negotiations, marking a significant milestone for both countries in enhancing trade relations post-Brexit and amid India's economic growth ambitions [1] Group 1: Agreement Details - India will reduce import tariffs on UK whiskey and gin from 150% to 75%, eventually reaching 40% in 10 years [2] - The agreement will lead to a reduction of tariffs on 90% of UK imports, with 85% of goods achieving zero tariffs within 10 years, covering a wide range of products including food, medical supplies, and cosmetics [2] - The UK government anticipates that by 2040, the agreement will increase bilateral trade by £25.5 billion annually and boost the UK GDP by £4.8 billion each year [2] Group 2: Benefits for India - The FTA will facilitate Indian labor-intensive products like textiles and agricultural goods entering the UK market by eliminating tariffs, such as the 10% tariff on textiles [2] - Indian sectors such as technology services and pharmaceuticals will benefit from increased access to the UK market [2] - The agreement aims to attract more UK investments into India, particularly in clean energy and new technology development, while also simplifying visa processes for Indian students [2] Group 3: Concerns and Challenges - India remains cautious about sensitive issues like agricultural products, dairy, and data localization, fearing potential negative impacts on its agriculture and tech sectors [3] - Concerns persist regarding the UK's request to relax origin rules, which could allow EU products to enter India under preferential tariffs [3] - Ongoing negotiations will address unresolved issues related to service trade and visa facilitation, as India seeks to maintain policy autonomy in labor rights and environmental standards [3]

这是美国总统特朗普宣布所谓"对等关税"以来首个和美国达成协议的国家。 市场上，美股三大股指集体上涨，截至发稿，道指涨0.56%，标普500指数上涨0.58%，纳指上涨 0.82%；英国富时100指数下跌0.35%。 特朗普宣称达成首个贸易协议 当天稍早时候，特朗普在社交媒体上发布消息称："对于美国和英国来说，这应该是一个非常重要和令 人兴奋的日子。上午10时（北京时间22时），白宫椭圆形办公室举行新闻发布会。" 深夜重磅！ 据央视新闻消息，当地时间8日，英国和美国已经就关税贸易协议条款达成一致。英国政府同意进口美 国食品和农业产品方面作出让步，以换取美方降低对英国汽车出口的关税。 唐宁街并未否认该协议最早可能在本周签署的报道，尽管政府消息人士称，特朗普最近宣布对电影业征 收关税已被证明是一个重大挫折。 一位了解谈判情况的人士表示："我们现在有一个高级团队在当地，他们本周或许能够达成一些协议。 但现实是，特朗普政府一直在改变目标，就像他本周宣布的电影关税政策那样。" 此前一天，特朗普在社交平台发文称，美国东部时间周四上午10时（北京时间5月8日22时）将举行重大 新闻发布会，内容涉及与某国代表达成的一项重大贸易 ...

本文字数：1545，阅读时长大约3分钟 作者 | 第一财经 钱小岩 封图 | 新华社 经历了3年艰难的谈判，英国和印度终于达成了贸易协议。 据新华社报道，根据英国政府网站5月6日公布的消息显示，英国与印度达成双边贸易协议。英国政 府预计，到2040年，协议将使双边贸易额每年增加255亿英镑（约合2463亿元人民币）。 时下，英国和印度都迫切需要这样一份贸易协议。英国曾是印度的宗主国，时至今日两国交往也十分 密切。英国方面认为，这是英国脱欧后达成的最为重要的贸易协议；而对于印度来说，为出口贸易和 经济发展提供了及时的支撑。 2025.05. 08 英国商业及贸易部表示，协议生效可能需时一年，一旦实施，英国消费者也会在服装、鞋类和冷冻虾 等食品上享受到更低价格和更多选择。 谈判难点 在谈判中，印度对英国的威士忌和杜松子酒的关税是一难点。受到英国文化影响，印度如今是世界上 最大的威士忌消费国，每年从英国进口大量的威士忌，在协议前威士忌和杜松子酒的关税为150%。 在协议达成后，150%的关税减半至75%执行，未来数年还会进一步下降。苏格兰威士忌协会首席执 行官肯特（Mark Kent）表示，协议具有"变革性"，是一 ...

Core Points - The UK and India have reached a significant bilateral trade agreement after three years of negotiations, which is considered the most important trade deal for the UK post-Brexit [1][2][4] - The agreement is expected to increase the annual bilateral trade volume by £25.5 billion (approximately 246.3 billion RMB) by 2040 [2] - Both countries are eager for this agreement to support their economies, with the UK aiming to reduce trade barriers and India seeking to boost its export trade [2][4] Negotiation Background - Trade negotiations began in January 2022 under former Prime Minister Boris Johnson and continued through various administrations, with a renewed focus under the Labour government [4] - The UK government has emphasized that reaching this trade agreement is a top priority, especially after the elections [4] - The agreement is seen as a major economic milestone for both nations, with UK Prime Minister Starmer and Indian Prime Minister Modi highlighting its ambitious and mutually beneficial nature [4][6] Key Provisions - Under the agreement, 90% of tariffs on Indian exports to the UK will be reduced, with 85% of goods achieving zero tariffs within ten years [4] - Tariffs on various UK exports to India, including high-end cars and whisky, will also see significant reductions, with whisky tariffs dropping from 150% to 75% [6] - The agreement is expected to provide UK consumers with lower prices and more choices in various goods, including clothing and seafood [5] Economic Context - India is currently the world's fifth-largest economy and is projected to become the third-largest in the coming years, making it an attractive partner for the UK [7] - The agreement is seen as a strategic move for both countries to diversify their trade relationships amid global economic uncertainties [7] - The negotiations faced challenges, including India's request for easier immigration access for its citizens to the UK, which was not included in the final agreement [6]

Group 1 - The core point of the news is the successful conclusion of a bilateral trade agreement between the UK and India after three years of negotiations, which aims to significantly reduce tariffs on a wide range of goods [1][3][5] - The agreement stipulates that 90% of UK imports to India will see a reduction in tariffs, with 85% of these tariffs eliminated over a period of 10 years [1][5] - Specific tariff reductions include a decrease in whisky and gin tariffs from 150% to 75%, eventually dropping to 40% in 10 years, and a reduction in automotive tariffs from 100% to 10% under a quota system [1][3] Group 2 - The UK and India both have a strong need for this trade agreement, as the UK seeks to expand its export markets in response to increased tariffs from the US, while India aims to boost its global trade share [2][3] - The agreement is seen as a significant milestone in strengthening economic and strategic relations between the two countries, with potential for increased trade, investment, and cooperation opportunities [3][4] - The UK government projects that the agreement will contribute an additional £4.8 billion to the UK GDP annually and increase bilateral trade by £25.5 billion by 2040 [4][5] Group 3 - The agreement is welcomed by industry organizations, highlighting its potential to create substantial opportunities for foreign trade amid rising global trade uncertainties [3][4] - The UK and Indian governments have adopted a pragmatic approach in negotiations, setting aside previously contentious issues such as immigration, which were not included in the final agreement [3][4] - The deal is expected to enhance India's market share in labor-intensive products, such as clothing and footwear, due to the significant reduction in tariffs on Indian exports to the UK [5]

Group 1: Trade Agreement Overview - India has decided to reduce tariffs on British manufactured products such as cars and whisky as part of a comprehensive trade agreement, benefiting companies like Jaguar Land Rover and Diageo [1] - The agreement will lower costs for British exports to India, including whisky, cars, auto parts, cosmetics, biscuits, clothing, and electrical goods, with 99% of Indian exports also benefiting from reduced tariffs [1] - The agreement opens up previously protected sectors in India, such as the automotive industry, and sets a precedent for future trade agreements with the EU and the US [1] Group 2: Automotive Industry Impact - Indian tariffs on cars will decrease from 110% to 10%, initially applying to petrol vehicles and gradually covering electric and hybrid vehicles over ten years [1][2] - UK luxury car brands with manufacturing in the UK, such as Bentley, Aston Martin, Vauxhall, and Mini, may benefit from the agreement [2] - Local electric vehicle manufacturers in India, like Mahindra & Mahindra and Maruti Suzuki, may face challenges due to the new tariff structure [2] Group 3: Alcohol Industry Impact - Diageo, the producer of Johnnie Walker whisky and Tanqueray gin, is expected to benefit from the tariff reductions, with its Indian subsidiary's stock rising by 2.8% [3] - Tariffs on whisky and gin will be halved to 75% and will further decrease to 40% by the tenth year of the agreement, making high-end spirits more accessible to Indian consumers [2][3] - The price of these alcoholic products is projected to drop by 15%-20%, potentially impacting local brands like Radico Khaitan [3] Group 4: Other Industries Affected - The agreement will enhance the competitiveness of Indian textile manufacturers against countries like Bangladesh and Vietnam, with clothing being the second-largest export category to the UK, valued at £900 million in 2024 [3] - Indian exporters will benefit from lower costs in selling medical devices to the UK [4] - The agreement will enable UK companies to provide financial services to Indian clients [4]

Group 1 - The UK and India have reached an agreement on a Free Trade Agreement (FTA) after more than 10 rounds of negotiations since January 2022, with concerns over "Trump tariffs" accelerating the talks [1][2] - The agreement is expected to benefit both nations, with UK Prime Minister Starmer stating it will bring advantages to British citizens and businesses, while Indian Prime Minister Modi emphasized trade, investment, economic growth, job creation, and innovation [1][2] - The UK government estimates that 90% of goods exported to India will see a reduction in tariffs, with significant cuts in tariffs for whiskey and gin from 150% to 75%, and eventually to 40%, while car tariffs will drop from over 100% to 10% [1][2] Group 2 - India's exports to the UK will also benefit, with reduced tariffs on products such as clothing, footwear, and frozen shrimp [2] - The trade agreement is projected to increase trade between the UK and India by £25.5 billion by 2040, contributing an additional £4.8 billion to the UK's GDP [2] - This FTA is a significant step for the UK post-Brexit, following its entry into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), while India aims to boost its domestic manufacturing in sectors like automobiles and smartphones [2]

Core Viewpoint - The UK government has reached a trade agreement with India, which includes tariff reductions on products such as whisky, gin, cosmetics, and vehicles, expected to boost the UK economy by £4.8 billion annually in the long term, equivalent to 0.17% of its GDP [1] Group 1 - The trade agreement aims to reduce tariffs on various products, including whisky and gin [1] - The estimated economic benefit of the agreement for the UK is £4.8 billion per year [1] - This economic boost represents approximately 0.17% of the UK's GDP [1]

Group 1 - The UK and India have reached a "milestone" free trade agreement aimed at strengthening economic ties between the fifth and sixth largest economies in the world, with the UK expecting an economic boost of £4.8 billion in the long term [1] - The agreement includes significant tariff reductions on UK exports to India, particularly on whisky and automobiles, with whisky tariffs halving from 150% to 75% and then to 40% by the tenth year, while automobile tariffs will drop from over 100% to 10% subject to quotas [2] - The deal is projected to increase bilateral trade by £25.5 billion and boost UK GDP by £4.8 billion, with India expected to cut tariffs worth over £400 million annually at the agreement's inception, rising to approximately £900 million after ten years [2] Group 2 - The agreement does not include legal services, which has been described as a "missed opportunity" by the Law Society of England and Wales, and it does not alter the UK's visa system or broader immigration strategy [3] - India will maintain tariffs on dairy products, while the UK will keep restrictions on certain agricultural products like basmati rice [4] - The agreement is seen as a significant achievement for the UK, being one of the first countries to establish a free trade agreement with India, although the full benefits are expected to materialize over time [4]