India-U.K. free trade pact likely to be implemented in April 2026: Official
GS2राजव्यवस्था · शासन · अंतर्राष्ट्रीय संबंध· India's bilateral relations· Prelims + Mains·
चर्चा में क्यों
The Indian government and the U.K. are on track to implement the Comprehensive Economic and Trade Agreement (CETA) in April 2026 following its signing in July 2025.
पृष्ठभूमि
The CETA aims to double the $56 billion trade between India and the U.K. by 2030. Under the pact, 99% of Indian exports will enter the British market at zero duty, while tariffs on Scotch whisky will be reduced from 150% to 75% immediately and to 40% by 2035.
प्रीलिम्स के लिए तथ्य
- तथ्यCETA aims to double the $56 billion trade between India and the U.K. by 2030
- तथ्य99% of Indian exports will enter the British market at zero duty under CETA
- तथ्यTariffs on Scotch whisky will be reduced from 150% to 75% immediately and to 40% by 2035
- तथ्यIndia will reduce import duties on automobiles to 10% over five years
- संस्थाThe CETA requires approval from the U.K. Parliament and the Indian Union Cabinet
मेन्स के लिए
Q. Examine how the Comprehensive Economic and Trade Agreement (CETA) between India and the U.K. can reshape India's export landscape and its strategic economic ties with Western economies.
उत्तर के आयाम
- Trade diversification: Expanding market access for Indian textiles, footwear, and gems and jewellery in the U.K. market
- Fiscal trade-offs: Balancing domestic industry protection against reduced import duties on luxury goods like Scotch whisky and automobiles
- Labor mobility: Addressing social levy duplication through the Double Contributions Convention (DCC) for temporary workers
कीवर्ड: Trade Liberalization · Bilateral Trade · Tariff Reduction · Market Access · Economic Diplomacy
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