Trade Deal Between UK & India Cut Tariffs, Boost Tech Collaboration
India and United Kingdom don final one historic UK-India trade deal wey reduce tariff for Indian goods go as low as 3%, down from average 15%. The UK-India trade deal na part of broader Comprehensive and Strategic Partnership wey dey boost market access and quicken partnership for new tech. E follow UK-India Technology Security Initiative and don already open £6 billion investments and export deals, create over 2,200 UK jobs. Key sectors na telecom security, artificial intelligence (AI), quantum computing, critical minerals and biotechnology. India go also reduce tariff for UK exports, open new chance for British businesses for global trade wahala. Prime Minister Keir Starmer expect say the deal go add £4.8 billion to UK GDP, boost growth and support him Plan for Change agenda. Indian PM Narendra Modi see the agreement as central to India’s Vision 2035, make the country global supply chain hub. The leaders endorse India-UK Vision 2035 roadmap, commit to deep R&D, joint AI centre and cooperation in semiconductors, advanced materials, clean energy and space innovation. Bilateral Investment Treaty and expanded Financial Partnership go further strengthen green finance and AI-driven services. The agreement na UK biggest post-Brexit deal and India first big pact in more than decade, reinforce resilience for emerging technologies.
Neutral
Dis trade deal dey focus on traditional goods, new technology collabo and cross-border investments, e no mention anything direct about cryptocurrencies or blockchain. Even though better UK-India relationship fit help technology uptake for long term, e no get immediate effect on crypto trading volumes, prices or regulations dem. Traders no go likely change their position base on dis news alone, so market reaction go neutral. For long run, stronger innovation partnership for AI and digital infrastructure fit support blockchain development indirectly, but na just speculation dis effect.