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Marketplace All-in-One

India and UK seal landmark trade deal

Marketplace All-in-One

Marketplace

News, Business

4.81.3K Ratings

🗓️ 24 July 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

From the BBC World Service: Indian Prime Minister Narendra Modi is in London sealing a major trade deal with the United Kingdom worth $6.5 billion. The agreement, billed as the biggest since Britain left the European Union, will slash India's tariffs on U..K goods from 15% to around 3%. We'll discuss the significance. Then, Armenia — a landlocked country of just 2.7 million people — is making big waves in tech, from coding labs and schools to startups.

Transcript

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1:00.6

From whiskey to wages, the UK and India are agreeing a major trade deal.

1:05.9

Live from the UK, this is the Marketplace Morning Report from the BBC World Service.

1:12.2

I'm Leanna Byrne. Good morning.

1:20.5

So the Indian Prime Minister, Narendra Modi, is in London today to seal a major trade deal with the UK, worth $6.5 billion.

1:29.8

The agreement billed as the biggest since Britain left the EU will slash India's tariffs on UK goods from 15% to around 3%. The BBC's Archina Shokla is looking at this one for us. Hello.

1:33.5

Hi, Leanna.

1:34.3

Archen, it took them three years to get to this deal, so it must be a good one.

1:38.3

Well, absolutely, it is a significant one for both the countries, especially for India,

1:42.6

that remains in negotiations with the United

1:44.4

States, the EU. So getting a comprehensive trade deal with one of its largest trade partners

1:49.8

is definitely significant. As part of the deal that was earlier announced, which will be

1:55.2

formalized, about 90% of UK goods will get tariff reduced when they export it to India. And especially, you know,

...

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