<h1>India Seals Comprehensive Trade Deal with UK, Boosting Economic Ties and Reducing Customs Barriers for Bilateral Commerce</h1> India has finalized its 16th free trade agreement with the UK, joining previous pacts with regions like EFTA, Japan, Korea, and Australia. Free trade agreements reduce or eliminate customs duties on traded goods, covering 10-30 subjects and promoting bilateral trade, investments, and market access. These agreements provide zero-duty entry, create competitive advantages, attract foreign investment, and facilitate manufacturing. India currently has trade deals with multiple countries and is negotiating with additional partners, though some negotiations are on hold due to political considerations.