International trade deals might seem far removed from the day-to-day of running a business but two recent agreements could unlock big opportunities for UK SMEs. Let us tell you how.
UK-India Free Trade Agreement:
Finalised in July, the new UK-India Free Trade Agreement, is set to strengthen ties between the two countries and boost UK GDP by nearly £5 billion a year. But it’s not just a win for economists, there are real and practical benefits for SMEs.
Lower tariffs on goods like automotive parts, whiskey, fashion, and food mean it’s now cheaper to sell into the Indian market. On top of that, eased visa rules and better support for business travel mean it’s simpler for SMEs to build relationships and partnerships overseas.
There’s even a dedicated chapter for small business in the agreement, proof that policymakers are finally thinking about SMEs. Benefits include:
It’s a major shift, opening up export options that were previously too expensive or complex to consider.
EU-US Deal:
Meanwhile, across the Atlantic, the EU–US trade agreement has grabbed headlines, but quietly, the UK has struck its own deal with the US too. Signed earlier this year, this agreement lowers tariffs on things like cars, steel, and aluminium, giving UK exporters a surprising edge over EU firms.
That’s a big opportunity for small manufacturers, B2B suppliers, and retailers looking to grow in the US. With some of the red tape and cost now out of the way, breaking into a huge market just got a bit more doable.
What does this all really mean for SMEs?
If you’re a UK business with export ambitions, whether you’re already shipping abroad or just starting to explore the idea, this could be your moment.
These are long-term changes, but the opportunities start now. Lower costs. Less admin. Bigger markets. If you’ve been thinking about international growth, now’s the time to reassess your strategy and make a move.
