India-UK trade pact to boost agri, auto exports with lower tariffs, better market access: Experts
The India-UK Comprehensive Economic and Trade Agreement (CETA), effective July 15, aims to enhance India's agricultural and automotive exports by lowering tariffs and improving market access. The pact offers duty-free treatment for various agricultural products and reduces tariffs on automobiles, potentially shifting exports towards higher-value processed goods. Experts anticipate that the agreement will also promote digital technologies in agriculture, addressing significant post-harvest losses and enhancing compliance with international standards.