Why this matters to buyers
The new free trade agreement between the UK and India reduces or removes tariffs on almost all goods. This could lower costs for buyers sourcing goods between these two countries.
Recommended buyer actions
- Review sourcing options and cost structures for goods traded between the UK and India.
- Assess the impact of tariff reductions on existing supply chains and procurement strategies.
Original source context
The UK and India reached the culmination of long negotiations as the new free trade agreement between the world’s 5th and 6th largest economies comes into effect. The agreement will deliver major benefits to exporters in both countries, estimated at an eventual £25bn boost in bilateral trade, by reducing or removing tariffs on almost all […] The post UK-India Trade Requires Resilient Freight Network appeared first on Logistics Business.
Read the original report · Logistics Business