India-UK Free Trade Agreement: Expectations and Exclusions

An analysis of the ongoing Free Trade Agreement (FTA) negotiations between India and the United Kingdom highlights the likely areas of tariff reduction and potential exclusions. Expectations are that the agreement will lead to reduced tariffs on pharmaceutical products and textiles, sectors where both countries have significant trade interests. However, the analysis also anticipates that certain sensitive agricultural products, particularly dairy, may be excluded from significant tariff concessions in order to protect domestic industries in both nations.