India and the UK are working to enhance their trade relationship, leveraging the Comprehensive Economic and Trade Agreement (CETA) signed on July 24, 2025. This agreement allows 99% of Indian exports to enter the UK market duty-free, while tariffs on British goods, such as cars and whisky, will be reduced in India. During a virtual meeting, Indian Commerce and Industry Minister Piyush Goyal and UK Secretary of State for Business and Trade Peter Kyle discussed opportunities to strengthen trade ties, particularly in labour-intensive sectors like textiles and engineering goods.

Separately, India and Tanzania are exploring the possibility of settling trade transactions in local currencies to enhance their economic partnership. At a recent India-Tanzania Joint Trade Committee meeting held on April 29-30, discussions included promoting local currency trade, facilitating long-term business visas for Indian entrepreneurs, and strengthening collaboration in pharmaceuticals and education. Bilateral trade between India and Tanzania reached $9.02 billion in FY26, showing growth from $8.64 billion in FY25. The discussions also highlighted potential cooperation in mining, shipbuilding, and railway infrastructure.