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India-U.K. Trade Deal Set to Boost £25.5 Billion

7/27/2025

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Summary

Story summary

The India-U.K. Comprehensive Economic and Trade Agreement (CETA), signed on July 24, 2025, paves the way for 99% of Indian exports to enter the U.K. without duties. Anticipated to elevate bilateral trade by £25.5 billion each year, it supports textiles, agriculture, and engineering while safeguarding vulnerable sectors. Now, it awaits the crucial nod from the U.K. Parliament.

History

Historical Context

Established in 1947, the General Agreement on Tariffs and Trade (GATT) aimed to reduce global trade barriers, leading to increased international trade by 1994 with 128 participating countries, including India and the U.K. The recent Comprehensive Economic and Trade Agreement (CETA) allows 99% of Indian exports duty-free access to the U.K., potentially boosting bilateral trade by £25.5 billion annually.

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Story summary

The India-U.K. Comprehensive Economic and Trade Agreement (CETA), signed on July 24, 2025, paves the way for 99% of Indian exports to enter the U.K. without duties. Anticipated to elevate bilateral trade by £25.5 billion each year, it supports textiles, agriculture, and engineering while safeguarding vulnerable sectors. Now, it awaits the crucial nod from the U.K. Parliament.

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