India–UK CETA Creates New Opportunities for Trade, Investment and MSMEs, Says R.K. Mishra
The India–UK Comprehensive Economic and Trade Agreement (CETA) marks a landmark step in bilateral economic relations and is one of India’s most ambitious trade agreements, covering goods, services, investment and mobility. It presents a major opportunity for Indian exporters and MSMEs to strengthen their presence in the UK, access new markets and integrate more deeply into global supply chains,”…
India and the United Kingdom have signed a Comprehensive Economic and Trade Agreement (CETA) that presents a significant opportunity for businesses, particularly small and medium-sized enterprises (MSMEs), to expand their presence in each other's markets. R.K. Mishra, Additional Director General of Foreign Trade (DGFT), emphasized that CETA focuses on effective utilization of benefits such as tariff advantages, simplified rules of origin, self-certification, and opportunities in UK government procurement.
The Dialogue organized by AIAI and MVIRDC WTC highlighted CETA's focus on advanced manufacturing, medical devices, aerospace, automotive, clean energy, textiles, engineering goods, and processed foods, along with services like finance, education, research, and innovation. Key sectors in India, including textiles, pharmaceuticals, leather, and engineering goods, will particularly benefit from the agreement.
Mumbai and Maharashtra will play a crucial role in strengthening the India-UK trade and investment corridor. The agreement establishes zero-duty access to nearly 99% of India's exports to the UK and reduces tariffs on 90% of tariff lines for UK goods exported to India. Success of CETA depends on businesses leveraging opportunities through exports, investment, and collaboration.
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