Business leaders welcome the signing of the UK-India Free Trade Agreement
It’s a dynamic time for global trade, with Prime Minister of India, Narendra Modi, and Prime Minister of the UK, Keir Starmer signing a Free Trade Agreement on 24 July, 2025.
The agreement promises to cut tariffs on British exports to India by over £400m, boosting trade between the two countries by an additional £25.5bn a year by 2040 – undoubtedly marking a pivotal moment in bilateral trade.
Business leaders have strongly welcomed the signing of the UK-India Free Trade Agreement, as Business and Trade Secretary, Jonathan Reynolds and India’s Commerce and Industry Minister, Piyush Goyal, signed the landmark trade deal.
The £4.8bn trade deal will unlock economic growth for each region and nation of the UK, and is widely backed by large and small businesses across aerospace, financial and professional services, food and drink, and the automotive sector.
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ASM (Agency Sector Management) is urging the UK government to act decisively in reshaping its digital border strategy, following the effective shelving of the much-anticipated Single Trade Window (STW) project.
It is based on the idea that the sacrifice made for the common good should be shared proportionately among all parties involved, including shipowners, cargo owners, and insurers.
Ever Given (Suez Canal). In March 2021, the large container vessel ran aground while transiting the Suez Canal. The Ever Given was stuck in the canal for six days, and the effort to get it moving again resulted in Egyptian authorities seeking compensation of close to $2 billion.Whilst General Average is still being finalised, cargo owners are expecting to face charges upwards of 20% of the cargo value they had aboard the vessel.
“Multimodal 2025 comes at a pivotal moment for global trade. Logistics and supply chain professionals have had to deal with Brexit, the pandemic, and the impact of international conflicts and climate change in recent years. Now the industry is faced with the upending of the rules-based order of trade that we’ve known for decades by the Trump administration in the US.