A. China
B. USA
C. UAE
D. UK
Background about the India–UK Free Trade Agreement
In February 2026, India and the United Kingdom (UK) announced a major bilateral trade agreement aimed at reducing tariffs and strengthening economic cooperation. The agreement lowers tariffs on a wide range of goods traded between the two countries, making exports and imports more affordable. It also promotes investment, improves market access, and creates new opportunities for businesses in both countries. The agreement is expected to boost bilateral trade, support economic growth, and deepen the strategic partnership between India and the UK.
Important Key Facts about the India–UK Free Trade Agreement
- Partner Countries: India and the United Kingdom (UK)
- Announcement: February 2026
- Agreement Type: Bilateral Free Trade Agreement (FTA)
- Main Purpose: Reduce tariffs and increase trade
- Benefits: Better market access, higher investment, and stronger economic ties
- Key Sectors: Goods, services, technology, and manufacturing
- Importance: One of India’s largest trade agreements with a major economy
- Exam Relevance: Economy, International Trade, India Current Affairs
Related Questions about the India–UK Free Trade Agreement
1. Which two countries signed the bilateral trade agreement announced in February 2026?
Answer: India and the United Kingdom (UK).
2. What is the main objective of the India–UK trade agreement?
Answer: To reduce tariffs and increase bilateral trade.
3. What does FTA stand for?
Answer: Free Trade Agreement.
4. Which sectors benefit from the India–UK trade agreement?
Answer: Goods, services, technology, and manufacturing.
5. Why is the India–UK Free Trade Agreement important?
Answer: It strengthens economic cooperation, promotes investment, and boosts trade between India and the UK.