- The UK currently has FTAs with over 70 countries in addition to the Trade & Cooperation Agreement (TCA) reached with the EU. In most cases, FTAs seek to maintain continuity of pre-Brexit trade with third countries.
- Several of these FTAs include clauses requiring the agreement to be re-negotiated. Negotiations are underway with Switzerland and Turkey. The government has signalled it will continue with these negotiations.
- In May 2025, the UK and India concluded negotiations for an FTA, which will see India cut tariff rates on 90% of tariff lines and the UK eliminate tariffs on 99% of Indian goods. The FTA is expected to enter into force during 2026.
- In December 2025, the UK signed an updated FTA with South Korea. The FTA locks in preferential market access while introducing updated Rules of Origin provisions and streamlined customs processes. The full text of the treaty is expected to be released in early 2026.
- In May 2026, the UK concluded negotiations on a free trade agreement with the Gulf Cooperation Council. Once the agreement is in force, the GCC will remove tariffs on 90% of tariff lines on UK goods, worth £580 million within 10 years. The UK has agreed to eliminate tariffs on all current imports from the GCC.
- The UK and US announced an outline ‘Economic Prosperity Deal’ (EPD) on tariffs and trade. The deal centres on product-specific tariff reduction, with full details yet to be published. The first tariff reductions for UK businesses applied to the automotive and aerospace sectors from 30 June 2025. In December 2025, as part of the EPD, the UK and US agreed a deal securing tariff-free treatment for UK pharmaceutical exports.
- The UK launched a new Trade Strategy in June 2025, outlining the government’s approach to strengthening trade defence, securing more agile trade agreements, expanding export finance and aligning trade policy with other strategic priorities.
- Timing: this is an area of continuing change and timescales are being determined for each negotiation.
Resources (click to open)
- UK-GCC Free Trade Agreement: What do we know about the deal? (Deloitte tax@hand, May 2026
- Attitudes To Trade Survey 2026 | Deloitte (January 2026)
- UK lands trade deal with South Korea to boost jobs and exports (Department for Business and Trade, December 2025)
- Landmark UK-US pharmaceuticals deal to safeguard medicines access and drive vital investment for UK patients and businesses (Department for Science, Innovation and Technology and others, December 2025)
- What does the US state visit mean for the UK-US trade corridor? | TaxScape | Deloitte (September 2025)
- Comprehensive Economic and Trade Agreement between the United Kingdom of Great Britain and Northern Ireland and India (Department for Business and Trade, July 2025)
- The UK-India FTA: what’s in it for businesses? | TaxScape | Deloitte (August 2025)
- The UK-US Economic Prosperity Deal: How can UK businesses benefit? | TaxScape | Deloitte (July 2025)
- What’s in the UK’s new trade strategy? | TaxScape | Deloitte (July 2025)
- UK-US trade deal kicks into gear: immediate tariff cuts for UK auto and aerospace sectors (Department for Business and Trade, June 2025)
- UK Trade Strategy (Department for Business and Trade, June 2025)
- US-UK Economic Prosperity Deal (EPD) (Department for Business and Trade, May 2025)
- A New UK-India FTA | TaxScape | Deloitte (May 2025)
- UK trade agreements with non-EU countries (Department for Business and Trade, Department for International Trade, last updated February 2025)
