The India–UK Comprehensive Economic and Trade Agreement (CETA) has come into effect, aiming to enhance exports, manufacturing, and bilateral trade in key sectors. Industry experts, government officials, and exporters anticipate that the pact will open up new opportunities for Indian businesses and strengthen the country’s global trade presence.
Director General of Foreign Trade (DGFT) Anupam Kumar highlighted that the agreement, resulting from four years of negotiations, will significantly benefit India’s value-added exports. Products like textiles, garments, gems, jewelry, engineering goods, auto-components, pharma, and chemicals are expected to receive a substantial boost due to zero duties in the UK market.
The agreement has been praised by BJP MP Mansukh Vasava for showcasing the government’s commitment to positioning India as a global economic powerhouse under Prime Minister Narendra Modi’s leadership. Vipin Vohra, Chairman of Continental Carriers Group of Companies, sees the agreement’s implementation as a crucial milestone for businesses in both nations.
Chairman and Managing Director of Sahasra Group, Amrit Manwani, views the agreement as a mutually beneficial arrangement for both economies. Dr. Tarun Bajaj, a senior consultant at APEDA, emphasized the positive impact on agriculture and processed food sectors, with around 95% of products expected to access the UK market duty-free, providing a significant competitive edge.
Chairman of the Indian Oilseeds and Produce Export Promotion Council (IOPEPC), Sandeep Bhura, expressed optimism about the agreement’s benefits, particularly for the sector.
