India-UK Free Trade Agreement News: Zero Duty on 97% Exports, $100 Bn Trade Dream Gets Wings
Historic milestone for India-UK ties! The comprehensive Free Trade Agreement has come into force, offering zero duty on 97.1% of Indian exports. Sectors like processed
Historic milestone for India-UK ties! The comprehensive Free Trade Agreement has come into force, offering zero duty on 97.1% of Indian exports. Sectors like processed food, textiles, leather, footwear, marine products, tea, coffee, spices, gems & jewellery, chemicals, engineering goods, and more stand to gain hugely.
The pact is expected to create jobs, boost MSMEs and farmers, and push bilateral trade towards the $100 billion mark in the next 2-3 years. While most sectors celebrate, steel may face headwinds due to the UK’s carbon tax. A major win for ‘Make in India’ on the global stage.
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