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2mo ago

UK Parliament Begins Review of India-UK CETA as India Gears Up for Duty-Free Exports

A parliamentary committee will evaluate labour, environment, gender equity commitments set on a ‘best endeavours’ basis.

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Overview

  • The India-UK Comprehensive Economic and Trade Agreement was signed on July 24 and is now under review by a UK parliamentary committee.
  • The committee will scrutinize its ‘best endeavours’ labour, environment, gender equity chapters to confirm commitments align with policy autonomy.
  • The agreement grants 100% duty-free access for Indian exports on 99% of UK tariff lines, unlocking opportunities in technical textiles and other sectors.
  • Industry group MATEXIL projects that duty-free status could boost India’s technical textile shipments to the UK from $240 million to over $1 billion by 2030.
  • With CETA concluded, India is shifting attention to its cautious trade talks with the United States and early-harvest discussions with the European Union.