US EditionIndia-UK Trade Deal Signals Modi's Priorities as New Delhi Eyes EU, US Pacts
INDIA, JUL 24 – The agreement eliminates tariffs on 99% of Indian exports to the UK and aims to double bilateral trade to USD 120 billion by 2030, benefiting farmers, MSMEs, startups, and labour-intensive sectors.
- On Thursday, India and the United Kingdom signed the Comprehensive Economic and Trade Agreement during Prime Minister Narendra Modi's UK visit, aiming to boost bilateral trade and economic ties.
- Earlier this year, negotiators announced a three-year negotiation process and an aim to increase bilateral trade to USD 112 billion by 2030, setting strategic growth goals.
- The deal eliminates tariffs on garments and textiles formerly up to 12%, and protects dairy, rice, and sugar sectors, maintaining restrictions, and supporting Indian industry growth.
- As a result of the agreement, architects, engineers, chefs, and musicians face fewer visa hurdles, while the Indian automobile industry has warmly welcomed the FTA.
- Projections indicate trade volume growth in the coming years, with opportunities opening in textiles, marine, leather, footwear, and engineering sectors.
36 Articles
36 Articles
India-UK Free Trade Pact: A Game-Changer for Bilateral Relations
India-UK Free Trade Pact: A Game-Changer for Bilateral Relations The India-UK Comprehensive Economic and Trade Agreement (CETA) is being hailed as a transformative milestone for both countries' economic landscapes. Signed in London by Indian Prime Minister Narendra Modi and British Prime Minister Keir Starmer, the agreement is poised to dismantle longstanding trade barriers, paving the way for enhanced market access.Industry leaders believe the …
Remainers will choke on their cornflakes: British media hails India trade deal
The India-UK Free Trade Agreement (FTA) or the Comprehensive Economic and Trade Agreement (CETA) seeks to enhance bilateral trade by around USD 34 billion annually, besides ensuring better market access.
Colorado Springs Gazette
India-UK trade deal signals Modi's priorities as New Delhi eyes EU, US pacts
By Manoj Kumar
Indian Automobile Industry Welcomes Landmark India-UK Free Trade Agreement
The Indian automobile industry has warmly welcomed the recently signed India-UK Free Trade Agreement (FTA), terming it a landmark and transformative development in the global economic landscape.
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