India-UK CETA kicks in July 15: zero duty on textiles, leather, footwear opens £-shaped runway
From July 15, UK tariffs collapse to zero on Indian textiles (from 12%), leather/footwear (16%) and processed food (up to 70%), with 99% of exports going duty-free. Apparel and footwear exporters now match Bangladesh and LDC access, eyeing UK share gains as bilateral trade targets $100B by 2030 from $25.12B in FY26.
India-UK CETA takes effect July 15, eliminating UK tariffs on Indian textiles, footwear, leather, processed food and engineering goods, levelling field against Bangladesh and LDCs. Apparel exporters expect significant UK market share gains; bilateral trade target $100B by 2030.
Also reported by
- The Hindu BusinessLine — Same time