India-UK trade pact takes effect, slashing tariffs on textiles, leather, gems and opening auto, spirits markets
The India-UK CETA is now live, with the UK scrapping duties on 96.8% of tariff lines and India cutting 64.1% immediately, phasing another 21% over years. Indian exporters of textiles, leather, footwear, gems and jewellery and processed foods gain access; UK autos (37,000 CBU annual quota) and alcoholic beverages enter India under phased quotas.
India-UK trade pact takes effect, cutting tariffs on textiles, leather, footwear, gems and jewellery, and processed foods for Indian exporters, while opening India's market to UK automobiles and alcoholic beverages under phased quotas — materially affecting retail consumer categories.