JAKARTA - The Comprehensive Economic and Trade Agreement (CETA) between India and the United Kingdom came into force on Wednesday.
"Under the dynamic leadership of the Honorable PM [Prime Minister Narendra Modi], the India-UK Comprehensive Economic and Trade Agreement (CETA) and the Agreement on Social Security have come into force," said Indian Minister of Commerce and Industry, Piyush Goyal, via the X account, as reported by ANTARA from Sputnik, Wednesday, July 15.
Goyal said the agreement provides duty-free market access for almost 99 percent of Indian exports and covers almost 100 percent of trade value.
The free trade agreement with the UK opens unprecedented opportunities for India's textile, leather and jewellery industries, as well as engineering, chemical and food sectors, and for agricultural exports.
The agreement also creates new opportunities for cooperation in the fields of IT, finance, education, and business services, as well as increasing the mobility of Indian professionals.
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