India and UK Strengthen Trade Ties Under CETA Agreement
India, UK discuss ways to boost bilateral trade, investments under CETA
Business Standard
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India and the UK are enhancing bilateral trade and investment opportunities under the Comprehensive Economic and Trade Agreement (CETA), signed in July 2025. The agreement aims to double the current trade of $56 billion by 2030, allowing 99% of Indian exports to enter the UK duty-free.
- 01India and the UK are focusing on boosting bilateral trade and investments.
- 02The Comprehensive Economic and Trade Agreement (CETA) was signed on July 24, 2025.
- 03Under CETA, 99% of Indian exports will enter the UK market at zero duty.
- 04The agreement aims to double trade to $112 billion by 2030.
- 05Tariffs on British products like cars and whisky will be reduced in India.
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During a virtual meeting on Friday, India's Commerce and Industry Minister Piyush Goyal and UK Secretary of State for Business and Trade Peter Kyle discussed strategies to enhance trade and investment under the Comprehensive Economic and Trade Agreement (CETA), signed on July 24, 2025. Goyal emphasized the importance of leveraging the opportunities presented by CETA, which allows 99% of Indian exports to enter the UK market duty-free. In return, tariffs on British goods, including cars and whisky, will be reduced in India. The agreement aims to double the current trade volume of $56 billion between the two nations by 2030, reflecting a significant step towards strengthening economic ties.
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The CETA agreement is expected to create new business opportunities for Indian exporters, potentially leading to job creation and economic growth in various sectors.
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