world-economy

India Secures Expanded Duty-Free Steel Access to UK Market

India has negotiated an increased quota for duty-free steel shipments to the United Kingdom under their existing free trade agreement, according to Commerce Secretary Rajesh Agrawal. The renegotiated terms expand the trade pact the two nations finalized last year. The higher quota allows Indian steelmakers to access the British market without tariff barriers. This development strengthens bilateral trade relations as both countries deepen economic ties through their trade framework. Steel exports are a key component of Indo-UK commerce, and the expanded quota should benefit Indian manufacturers seeking alternative markets. British importers gain increased supply flexibility from South Asian producers.