India-UK Free Trade Agreement Comes into Force
July 20 – India and the United Kingdom’s landmark free trade agreement came into force on Wednesday, eliminating tariffs on thousands of products and opening new opportunities for businesses, professionals…..
✨ Key Highlights
India and the United Kingdom's Comprehensive Economic and Trade Agreement (CETA) officially came into force on Wednesday, July 20, aimed at boosting trade and investment between the two nations.
- The agreement eliminates tariffs on 96.8 percent of UK tariff lines, offering Indian exporters easier access to the British market across sectors like textiles, leather, and engineering goods.
- Prime Minister Narendra Modi welcomed the pact, anticipating strengthened economic ties and a boost for Indian farmers, entrepreneurs, and small businesses.
- British businesses will see phased tariff reductions and quotas on products such as automobiles and better access to India's financial services, education, and government procurement markets, estimated at £90 billion annually.
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