India-UK CETA takes effect: Kolkata ships first zero-duty jewellery exports to Britain
The India-UK CETA now gives Indian gem and jewellery exports duty-free UK access, eliminating the prior 2% tariff. Kolkata flagged off the first shipment worth USD 2.7M (21 kg gold), part of USD 10M nationwide. GJEPC projects exports to Britain rising from USD 754M to USD 2.5B within three years against a USD 4B UK import market.
India-UK CETA takes effect, giving Indian gem and jewellery exports zero-duty UK access. Kolkata flagged off first shipment worth USD 2.7M; GJEPC projects exports rising to USD 2.5B in three years.
Why this matters
Follows the India-UK FTA taking effect July 15 opening a zero-duty path for gem and jewellery, with 27 exporters shipping the first USD 10M consignment as UK tariffs fell.
Retail-company signals accelerating at +807700% QoQ.