 "Piyush Goyal, Piyush, Jonathan Reynold")
A new acronym has entered India’s trade vocabulary — Ceta, short for Comprehensive Economic and Trade Agreement — signed with the United Kingdom (UK) on July 24 in London.
The agreement covers 26 areas, including tariffs cuts, services, government procurement, digital trade, and intellectual property. It is expected to significantly boost bilateral trade, which stood at $54.9 billion in FY25, with India running an $11.7 billion surplus. With new openings in goods, services, and investment, two-way trade could surpass $100 billion within the next decade.
But more than being just a trade booster, the agreement signals a shift in India’s
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