Mint Explainer | India-UK trade deal kicks in—what CETA means for exporters, services and MSMEs
India's Comprehensive Economic and Trade Agreement (CETA) with the UK took effect on July 15, granting Indian exporters duty-free access to 99.5% of their exports and eliminating tariffs on various products. This agreement marks India's first major free trade deal with a developed economy in recent years and aims to boost bilateral trade to $100 billion by 2030. The pact encompasses 30 chapters addressing diverse areas such as digital trade, investment, and labor, potentially enhancing India's integration into global value chains.