India-UK CETA live Wednesday: zero-duty access for textiles, footwear, leather exports
The India-UK free trade pact takes effect July 15, opening duty-free access for 99% of Indian exports including apparel, garments, leather and footwear. In return, UK Scotch, gin, cosmetics, chocolates and cars get lower tariffs, reshaping sourcing and competition across Indian retail.
India-UK CETA takes effect July 15, granting zero-duty access to most Indian exports including textiles, garments, leather and footwear. UK gains lower tariffs on Scotch whisky, gin, cosmetics, chocolates and passenger vehicles, reshaping competitive dynamics for Indian consumer-goods exporters.
Why this matters
Builds on prior signals detailing the July 15 CETA start bringing cheaper cars, Scotch and cosmetics, and forecasts of bilateral trade doubling to $120B by 2030, reshaping retail sourcing and import competition.
Retail-company signals accelerating, up 784300% QoQ.
Also reported by
- The Hindu BusinessLine — Same time