India-U.K. Trade Deal Overview

• CETA marks three-year effort to enhance bilateral trade.

• U.K. removed tariffs on 99% of its product lines, but not all are exported by India to the U.K.

• About $6.5 billion, or 45% of India’s current exports to the U.K., will enter the U.K. duty-free.

• India agreed to eliminate or reduce duties on 90% of its tariff lines, comprising 92% of U.K. exports to India.

• The deal includes a significant section on services, particularly of interest to India.

• U.K. granted commercial presence rights to Indian companies in sectors like computer services, consultancy, and environmental services.

• The Double Contribution Convention (DCC) will come into force when CETA does.

• India included cuts in its tariffs on imported cars in the trade deal.

• U.K. firms allowed to participate in Indian central government procurement bids.