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India-UK FTA enters force Wednesday creating zero-duty access for 99 percent of exports

"Cheaper, quicker and faster": British Deputy High Commissioner Sutapa Choudhury on India-UK CETAIndia-UK FTA to create new opportunities for Indian businesses, labour-intensive sectors: Industry

The India-UK Free Trade Agreement entered force on Wednesday, granting zero-duty access to nearly 99 percent of Indian exports as industry bodies welcomed the landmark pact.

This agreement matters because it opens new opportunities for Indian businesses in labor-intensive sectors like textiles and automotive manufacturing, potentially boosting economic growth and trade relations between the two nations.

  • India and the UK have maintained strong trade ties since the mid-20th century, with the UK being one of India's largest foreign investors.
  • The agreement covers zero-duty access for textiles, a sector where India ranks as the world's second-largest producer.
  • UK Prime Minister Rishi Sunak initiated final negotiations for the pact during his 2024 visit to New Delhi.
India-UK FTA enters force Wednesday creating zero-duty access for 99 percent of exports | Implica