The UK and India enjoy a strong bilateral trade and investment relationship. Nevertheless, this relationship is not reflected in trade: bilateral trade between the UK and India has not kept up, with the UK losing significant market share over the last twenty years.
International Economics (IEC), with funding from Foreign and Commonwealth Office, conducted a study to provide a full picture of the economic impact to both India and the UK of the existing Indian tariff structure as the UK considered starting negotiations over a possible Free Trade Agreement (FTA) with India.