After nearly three years of negotiations, India's landmark free trade agreement with the UK came into force on July 15, opening one of the country's biggest export opportunities in recent years by slashing tariffs, improving access for services and professionals, and giving Indian manufacturers preferential entry into the world's sixth-largest economy.
The Comprehensive Economic and Trade Agreement (CETA) promises duty-free access on 99% of India's tariff lines into the UK, benefiting sectors ranging from textiles, leather and footwear to marine products, engineering goods, chemicals and processed food. It also marks one of Britain's most significant trade agreements since Brexit, giving UK businesses greater access to one of the world's fastest-growing consumer markets.
