India-UK Trade Deal: A Give and Take Example
• CETA reflects the balance between two large economies.
• U.K. offers duty-free access to 99% of tariff lines, but is more conservative in visa movement for niche professional roles.
• India has opened 90% of tariff lines for duty-free import from the U.K., but excludes key agricultural products.
• India commits to reducing duties on automobile imports by 100 percentage points over time, subject to a graded quota.
• Potential sector-wise increases in agriculture, textiles, leather, and chemicals.
• Duty-free arrangement could enhance European goods flow through the U.K.
• Government supports Indian exporters’ scaling up and international competition