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HomeDaily NewsThursday, July 24, 2025International Trade Agreements and Relations
Business & Economy2 stories from 1 sources

International Trade Agreements and Relations

Starmer and Modi to finalize £6bn trade deal between India and UK; Australia to lift US beef import ban.

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Thursday 1:03 PMCapital Business

Starmer and Modi to sign £6bn India-UK trade deal

Starmer and Modi to sign £6bn India-UK trade deal

Indian Prime Minister Narendra Modi is in the UK to sign a £6 billion free trade deal, aimed at boosting exports between the two countries.

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Key Highlights

Indian Prime Minister Narendra Modi is in the UK to sign a £6 billion free trade deal, aimed at boosting exports between the two countries.

  • £4.8 billion a year is expected to be added to the British economy from this agreement.
  • Sir Keir Starmer described the deal as a major win for Britain, forecasting over 2,200 jobs created.
  • The agreement reduces tariffs for UK cars and whisky exports to India and contributes to tackling illegal migration.
Thursday 9:56 AMCapital BusinessFirst

Australia to lift import ban on US beef after Trump tariffs tiff

Australia to lift import ban on US beef after Trump tariffs tiff

On July 24, Australia announced it will lift its long-standing import ban on beef from the United States, a decision linked to previous trade tensions with the Trump administration.

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Key Highlights

On July 24, Australia announced it will lift its long-standing import ban on beef from the United States, a decision linked to previous trade tensions with the Trump administration.

  • Restrictions on US beef have been in place since 2003 due to mad cow disease concerns.
  • US Agriculture Secretary Brooke Rollins described the previous restrictions as “absurd,” advocating for American beef safety.
  • The Australian government maintains that the decision was based solely on a rigorous review of beef safety measures.
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