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2h ago

India and UK Set CETA in Motion at Mumbai Meeting, Reset JETCO for Delivery

Ministers outlined a delivery roadmap to translate the July trade pact into measurable gains for businesses and consumers.

Union commerce and industry minister Piyush Goyal with UK secretary of state for business and trade Peter Kyle. (X / @PiyushGoyal)
Piyush Goyal, Peter Kyle meet in Mumbai to fast-track CETA implementation, double India-UK trade by 2030
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Overview

  • Commerce Minister Piyush Goyal and UK Trade Secretary Peter Kyle met in Mumbai to shift the India–UK CETA from negotiation to execution, agreeing to reposition JETCO to oversee delivery.
  • The two sides reaffirmed a goal to double bilateral trade by 2030, with priority areas including advanced manufacturing, digital trade, clean energy and services.
  • The implementation agenda centers on tackling non-tariff barriers, regulatory alignment and supply-chain resilience, following sectoral roundtables and an India–UK CEO Forum with industry leaders.
  • The July pact is reported to eliminate tariffs on roughly 95% of India’s exports to the UK, including large reductions for textiles, leather, processed foods and many farm goods.
  • UK leaders signaled urgency, with Peter Kyle calling it the UK's best-ever deal with India and Prime Minister Keir Starmer urging implementation as soon as humanly possible; current annual trade is about $56 billion.