Export consignments totaling over $140 million were sent out on the initial day of the India–United Kingdom Comprehensive Economic and Trade Agreement (CETA) taking effect. The formal launch event for CETA was conducted at Vanijya Bhawan in New Delhi, attended by various dignitaries including the British High Commissioner to India and Commerce Secretary Rajesh Agrawal. Alongside CETA, the Agreement on Social Security, also known as the Double Contribution Convention (DCC), was also implemented, marking a significant step in the economic collaboration between the two nations.
The Commerce Secretary highlighted that goods worth more than $140 million were exported to the UK on the agreement’s first day. He expressed optimism that consistent utilization of CETA would enhance bilateral trade and support the exploration of other trade ventures being deliberated. To celebrate the agreement’s commencement, events were organized nationwide to kick off the initial export consignments under the India–UK CETA preferential tariff system.
Throughout the day, more than 50 export consignments valued at over $140 million were dispatched from various locations in India, including ports, airports, Inland Container Depots (ICDs), Special Economic Zones (SEZs), and factories. These consignments encompassed a diverse range of products such as electronics, pharmaceuticals, and gems and jewelry. Additionally, Commerce and Industry Minister Piyush Goyal hailed the implementation of the India–UK CETA and the Agreement on Social Security as a significant milestone in the bilateral relationship, emphasizing the broad benefits it offers across multiple sectors and for different segments of the economy.
