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India-UK trade agreement likely to be signed by July end: Official

The India-UK Free Trade Agreement will remove taxes on the export of labour-intensive products such as leather, footwear and clothing, while making imports of whisky and cars from Britain cheaper, in a bid to double trade between the two huge economies in the world

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UK Trade Secretary Jonathan Reynolds and Commerce Minister Piyush Goyal. File Pic/@PiyushGoyal

UK Trade Secretary Jonathan Reynolds and Commerce Minister Piyush Goyal. File Pic/@PiyushGoyal

The legal review of the India-UK Free Trade Agreement (FTA) is progressing at a brisk pace, with the deal expected to be signed by the end of July, a senior official confirmed on Tuesday, reported the PTI.

It will remove taxes on the export of labour-intensive products such as leather, footwear and clothing, while making imports of whisky and cars from Britain cheaper, in a bid to double trade between the two huge economies in the world.

India and Britain, the world's fifth and sixth-largest economies, concluded the deal after three years of on-off negotiations, as per the PTI.

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