India-UK CETA hands textile exporters zero-duty access; UK share seen doubling to 12% in 3-5 years
TEXPROCIL and CITI project India's UK textile and apparel market share to climb from 6.7% to 12% within 3-5 years under the CETA effective July 15, lifting bilateral trade from $1.9B to $3B as zero-duty access closes the gap with Bangladesh and Vietnam.
India-UK CETA, effective July 15, gives Indian textile and apparel exporters zero-duty access to the UK, with industry bodies TEXPROCIL and CITI projecting India's UK market share to double from 6.7% to 12%, lifting trade from $1.9B to $3B.