Kolkata flags off first zero-duty jewellery consignment to UK under India-UK CETA
GJEPC launched India's first duty-free jewellery export to the UK under CETA, part of a $10M nationwide shipment. With up to 4% tariffs eliminated on a $4B UK import market, gem and jewellery exports could climb from $754M to $2.5B within three years.
Under the India-UK CETA, Kolkata flagged off its first zero-duty jewellery export consignment to the UK, part of a $10M nationwide shipment. GJEPC projects gem and jewellery exports to the UK could rise to $2.5 billion within three years.
Why this matters
The Kolkata shipment builds on the India-UK CETA taking effect July 15, when 27 exporters shipped the first $10M jewellery consignment as UK tariffs fell, opening a zero-duty path for Indian gem and jewellery exports.
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