India, UK start a new chapter with FTA

India and the UK have formalized a Comprehensive Economic and Trade Agreement (CETA), targeting a trade volume exceeding $100 billion by 2030. This landmark deal, India’s 16th such pact, eliminates tariffs on key sectors like leather and apparel in the UK, while reducing duties on British whisky and cars in India.

The India-UK trade deal is poised to significantly boost Indian software exports, potentially increasing them by 15-20% annually. Indian IT professionals working in the UK will benefit from exemptions on social security contributions, leading to substantial savings. Moreover, Indian companies will gain from a three-year exemption from the UK’s Jobs Tax, resulting in benefits exceeding […]

India and the UK have reached a trade agreement where India will open 108 service sub-sectors to British firms, while the UK will grant access to 137 sub-sectors for Indian companies. This pact covers key areas of Indian interest, including IT, finance, and education.

A study reveals that over two-thirds of India’s exports, valued at $824.9 billion, face climate-related risks due to stringent net-zero regulations in major markets like the UK and EU. These markets are implementing carbon border adjustment mechanisms, potentially impacting India’s export competitiveness.

Prime Minister Narendra Modi’s UK visit anticipates the signing of the India-UK Free Trade Agreement, a significant post-Brexit trade achievement for the UK. Discussions with British Prime Minister Keir Starmer are scheduled at Chequers. Bilateral trade exceeded $55 billion in 2023-24, with substantial investments from both nations, highlighting the robust economic partnership.

The EU and US are nearing a trade agreement that could impose 15% tariffs on European imports, mirroring a deal the US struck with Japan. Brussels is considering these reciprocal levies to avoid a potential increase to 30% by the US.

The proposed India-UK trade pact, set to be signed on July 24 during Prime Minister Modi’s visit, is projected to significantly boost Indian exports across various sectors. FIEO anticipates benefits for textiles, leather, gems and jewellery, pharmaceuticals, and engineering goods.

The proposed India-UK FTA is set to significantly benefit Indian sectors like textiles, pharmaceuticals, and engineering goods, potentially doubling bilateral trade to $60 billion by 2030. Expected to be signed during Prime Minister Modi’s UK visit, the agreement aims to eliminate tariffs on a majority of goods, fostering job creation and investment flows, while also […]

Britain and India are poised to sign a free trade agreement, pending parliamentary and cabinet approvals, after three years of negotiations. India will reduce tariffs on nearly 90% of UK goods, while the UK will offer duty-free access to 99% of Indian items.

India’s technical textiles exports saw a substantial rise. Exports reached ₹24,732.68 crore in FY25, a jump from ₹16,100.51 crore in FY21. The growth represents a 15.53% increase over the last year. It also shows almost 11% CAGR over the past four years. The Textiles Minister Giriraj Singh also stated that no National Textile Corporation mill […]