India-U.K. FTA to boost farmers, MSMEs, and services, says PM
Prime Minister Narendra Modi stated that the India-U.K. Comprehensive Economic and Trade Agreement (CETA), effective Wednesday, will significantly benefit Indian farmers, entrepreneurs, and MSMEs. He highlighted that the deal will provide enhanced market access for various Indian sectors, deepen cooperation in technology, professional services, and innovation, and improve mobility for skilled Indian talent through the Double Contribution Convention. The CETA aims to provide duty-free access for 99% of exports, particularly benefiting textile exporters and opening new frontiers for IT, financial, education, and healthcare services, contributing to India's global competitiveness.
Key Points
- The India-U.K. Comprehensive Economic and Trade Agreement (CETA) became effective on Wednesday.
- PM Modi stated that CETA will boost incomes for Indian farmers, entrepreneurs, and MSMEs.
- The agreement aims to enhance market access for Indian exports and improve mobility for skilled talent.
- CETA will deepen cooperation in technology, professional services, and innovation.
- The deal provides duty-free access for 99% of exports, benefiting sectors like textiles and services.
Exam Facts
- The India-U.K. Comprehensive Economic and Trade Agreement (CETA) took effect on Wednesday, July 16, 2026.
- The Double Contribution Convention (DCC) will provide support to Indian professionals in the U.K.
- Bilateral trade between India and the U.K. stood at £45 billion in 2024 and rose to £48 billion in 2026.
- Harjinder Kang is the U.K.'s Trade Commissioner for South Asia and a lead negotiator of the trade pact.
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