The free trade agreement between India and the UK gives Indian farmers duty-free access, boosting agri-exports and setting the stage for a $100 billion target by 2030.

A Free commerce Agreement (FTA) between India and the UK was recently concluded, and it is expected to increase bilateral commerce by $34 billion a year. Indian farmers especially profit from this arrangement as it gives them duty-free access to UK markets for their produce.

The ambitious goal of $100 billion in agricultural exports by 2030 is expected to be achieved in large part thanks to the free trade agreement between India and the UK. By providing duty-free access to premium markets in the UK, this agreement will greatly increase agricultural diversification. Within the next three years, we expect India's exports to the UK to rise by an astounding 20%, enabling farmers and food producers all throughout the country.

Fruits, vegetables, cereals, spice blends, fruit pulps, and ready-to-eat meals are all covered under the FTA; a decrease in import duties is anticipated to drive down costs and increase their availability in UK stores. Growth will be accelerated by the abolition of taxes on more than 95% of India's agricultural and processed food goods. Traditional items like cardamom and turmeric, as well as processed commodities like mango pulp, are expected to have increased worldwide exposure and profit margins. To safeguard domestic agriculture, tariffs will continue to be imposed on dairy products, apples, oats, and edible oils.

The agreement promotes agricultural diversity and price stability by facilitating the production of novel items such as organic herbs, vegetables, jackfruit, and millets. In addition to helping the fisheries sector, particularly in Andhra Pradesh, Odisha, Kerala, and Tamil Nadu, the removal of taxes on 99 percent of exports, including shrimp and tuna, will increase India's $5.4 billion in seafood exports to the UK. Additionally, by increasing India's premium exports of tea, coffee, spices, and beverages, the deal aims to make Indian instant coffee more competitive in the European market. All things considered, it helps India's agriculture industry pursue high-value goods and global markets while preserving safeguards for vulnerable industries.