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As on : 16-Jul-2026

Economy - Reports
16-Jul-2026 11:42

India'UK CETA provides zero-duty access for nearly 99% of India's exports

The India'United Kingdom Comprehensive Economic and Trade Agreement (CETA), along with the Agreement on Social Security, also known as the Double Contribution Convention (DCC), formally entered into force yesterday, marking a major milestone in the economic partnership between the two countries. In a post on X, Union Minister of Commerce and Industry Piyush Goyal said that the entry into force of the India'UK Comprehensive Economic and Trade Agreement (CETA) and the Agreement on Social Security marks a defining milestone in India'UK relations. This provides zero-duty market access for nearly 99 per cent of India's exports and covering almost 100 per cent of trade value. The Minister noted that the Agreement creates unprecedented opportunities for sectors including textiles, leather, gems and jewellery, engineering goods, marine products, chemicals and processed foods, while benefiting MSMEs, farmers and manufacturers. He further observed that the Agreement opens new opportunities for India's IT, professional, financial, education and business services sectors and expands mobility for Indian talent.

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