India-UK FTA Live July 15: Textiles, Leather, Footwear Exporters Told to Upgrade Standards
FTA effective July 15 eliminates UK tariffs spanning textiles (up to 12%), leather/footwear (16%), engineering (18%) and processed foods (70%). Experts urge Indian exporters to align with UK regulatory standards to capture share. Leather/footwear exports targeted to triple from USD 494M (2024) to USD 1B in three years.
India-UK FTA takes effect July 15, eliminating UK tariffs on textiles, leather, footwear and processed foods. Experts urge Indian exporters to upgrade product standards and align with UK regulations to capture market access gains.
Why this matters
Builds on prior CETA coverage detailing 99% tariff-free exports, halved Scotch duty and auto cuts to 10%, now spotlighting compliance upgrades needed for textiles, leather and footwear exporters.
Retail-brand signals steady at 1,746 over the past 90 days.