Key facts
- The UK and India will implement their free trade agreement on July 15.
- India's concerns over the UK's forthcoming steel tariff regime have been addressed.
- The UK-India deal is projected to significantly boost bilateral trade and investment.
- UK Prime Minister Keir Starmer announced a £1.3 billion investment in energy and AI projects.
- This announcement was made at the G7 summit.
- The UK faces U.S. export controls on advanced AI models.
- No carve-out was sought from the U.S. AI export controls.
Britain and India are set to implement their free trade agreement on July 15. This implementation follows assurances from India that its concerns about the UK's upcoming steel tariff regime have been resolved. The agreement is projected to substantially increase bilateral trade and investment between the two nations.
