Under the agreement, 99% of Indian goods entering the UK and 90% of UK goods entering India are eligible for reduced or zero tariffs. It is expected to increase annual trade by £25.5 billion and add around £4.8 billion to the UK economy each year in the long term. Faster, more digital customs procedures should also make trade easier and more predictable.
This creates real opportunities for established traders and businesses entering the Indian market for the first time. Maurice Ward Group’s freight forwarding and customs teams can review shipping requirements, guide customers through customs procedures and coordinate reliable air and ocean freight solutions.
However, reduced tariffs do not apply automatically. Goods must meet the Rules of Origin requirements, including correct commodity codes, completed origin declarations and appropriate evidence of origin. UK producers and exporters must also register with HMRC to self-certify qualifying goods.
Through customs consultancy and clearance, international freight forwarding, warehousing and distribution, Maurice Ward Group can help customers manage these requirements, reduce delays and make the most of new trading opportunities.
For more information or support with your UK–India shipments, please contact internalsales.uk@mauriceward.com.