India-U.K. Free Trade Agreement opens doors for Scottish salmon exports, boosting Scotland’s economy and trade prospects
The U.K. Government has highlighted the opening of the Indian market for Scottish salmon following the Free Trade Agreement (FTA) with India, finalised earlier this month and expected to be formally signed soon. Downing Street is promoting the benefits of this and other recent trade deals with the U.S. and EU, emphasizing how they will benefit sectors and regions across the U.K, reported thehindu.com.
The FTA slashes tariffs from 33% to zero, unlocking new export opportunities for Scottish salmon.
Downing Street confirmed the FTA “unlocked a new salmon market through our deal with India, with tariffs dropping from 33% to 0%.” Tavish Scott, CEO of Salmon Scotland, stressed the importance of frictionless access to key markets like the EU and expanding opportunities in India to protect producers from tariffs and bureaucracy.
He called salmon “the jewel in the crown” of Scotland’s produce, vital for coastal communities and the broader U.K. economy.
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Prime Minister Keir Starmer stated, “These trade deals deliver long term security for people in Scotland. They create opportunities for seamless trade and attract inward investment to grow the economy, making a real difference in people’s lives.”
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“Consumers will see lower food prices, more choices, and higher living standards across Scotland.”
Whisky industry tariffs cut under landmark deal expected to add GBP 25.5 billion annually.
While salmon takes center stage, Scotland’s whisky industry also benefits significantly from the FTA. Tariffs on whisky exports to India will be cut from 150% to 75% immediately, and down to 40% over the next decade. The U.K. government calls this a “landmark deal” projected to boost bilateral trade by GBP 25.5 billion annually in the long run.
U.K. Business and Trade Secretary Jonathan Reynolds highlighted the government’s commitment to securing deals that provide stability and protect jobs. Secretary of State for Scotland Ian Murray added, “From whisky distilleries to green energy, Scotland has much to offer. Better access to the EU, U.S., and India creates real opportunities for Scottish businesses and supports communities from the Highlands to the Borders.”
Indian whisky producer sees the FTA as a step toward stronger bilateral trade and fair competition.
At the Indian end, Goa-based John Distillers, makers of Paul John whisky, welcomed the India-U.K. FTA as a significant milestone to deepen trade and cooperation. While acknowledging potential short-term challenges, the company expressed confidence in their product quality and hopes the deal will ease business conditions for Indian products in the U.K. They emphasized the need for a level playing field to protect domestic industries and promote fair competition.
Other sectors such as soft drinks and food are also expected to gain from the FTA, further driving Scotland’s export economy.
