With reference to the Comprehensive Economic and Trade Agreement (CETA), consider the following statements: 1. India currently holds a 6% share of Britain's annual imports. 2. Britain's total annual imports are valued at $50.68 billion. 3. CETA removed tariffs on shrimp, instant coffee, and processed foods. Which of the statements given above is/are correct?

TPCI and UKIBC sign MoU to boost food processing trade after CETA tariff removals

GS3Economy · S&T · Environment · Security· External sector, trade & FDI· Prelims· 22 October 2026

Trade liberalization and institutional cooperation: a GS3 case study on export promotion and market penetration.

Why in news

The Trade Promotion Council of India (TPCI) and U.K.-India Business Council (UKIBC) signed an MoU to boost food processing trade following the removal of tariffs under the CETA.

Background

The Comprehensive Economic and Trade Agreement (CETA) was implemented on July 15, removing tariffs on shrimp, instant coffee, and processed foods. India currently holds a 0.6% share of Britain’s $50.68 billion annual imports, totaling $309.5 million.

Facts for Prelims

FactIndia's share of Britain's annual imports is $309.5 million (0.6%)
FactBritain's total annual imports are valued at $50.68 billion
Act / BillCETA: Comprehensive Economic and Trade Agreement implemented on July 15
FactCETA removed tariffs on shrimp, instant coffee, and processed foods
BodyTPCI: Trade Promotion Council of India

Prelims practice question

With reference to the Comprehensive Economic and Trade Agreement (CETA), consider the following statements:

India currently holds a 6% share of Britain's annual imports.
Britain's total annual imports are valued at $50.68 billion.
CETA removed tariffs on shrimp, instant coffee, and processed foods.

Which of the statements given above is/are correct?

(a)3 only
(b)1 and 3 only
(c)2 and 3 only
(d)1, 2 and 3

Show answer

Answer: (c) 2 and 3 only — Statements 2 and 3 are correct. Statement 1 is incorrect: India holds a 0.6% share.

For Mains

Q. Examine how trade agreements like CETA can enhance India's share in global food processing markets and the role of institutional cooperation in achieving these goals.

Dimensions to cover in your answer

Market penetration: Addressing the low 0.6% share in UK imports despite tariff removals
Logistics and standards: Aligning Indian food processing quality with UK regulatory requirements
Trade diversification: Leveraging CETA to shift from raw commodity exports to high-value processed goods

Keywords: Trade Liberalization · Market Penetration · Value Addition · Institutional Cooperation · Export Promotion

Read the full news →Report a mistake in this note How notes are made Source: The Hindu ↗Also: GS2 · India's bilateral relations Also: GS3 · Food processing & supply chain

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