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INDIA-UNITED KINGDOM BY ATRISHEKHAR - Coggle Diagram

- - - - The objective of this agreement is to enable quicker, deeper collaboration on science between the two countries, with the aim of helping economic growth, creating skilled jobs and improving lives in the UK, India, and worldwide.
      - Through this agreement, the two countries hope to minimise red tape standing in the way of major collaborations.
- - - - Removed tariffs on 99% of product lines from India.
      - Duty-free access on goods worth approximately $6.5 billion, which is 45% of India’s current exports to the U.K. These include:
        
        Textiles
        
        Footwear
        
        Carpets
        
        Automobiles
        
        Seafood
        
        Fresh fruits (grapes, mangoes)
      - Remaining exports worth about $8 billion (petroleum, pharmaceuticals, diamonds, aircraft parts) already enjoy zero tariffs.
      - INDIA’S TARIFF CONCESSIONS
        
        Agreed to eliminate or reduce tariffs on 90% of its tariff lines covering around 92% of U.K. exports to India.
        
        Key sectors benefiting from tariff reduction include:
        
        Alcoholic beverages (especially U.K. whiskey)
        
        British cars
        
        Engineering products