From state-level investment reforms and food safety enforcement to next-generation FTAs, corporate living wills and a Tibetan memoir, here are today's top BS Opinion pieces
This week's SME Q&A explains India-UK CETA duty benefits, SRVA trade data, and the process for claiming customs duty refunds on overvalued imports
India has secured higher steel export quotas under the UK's safeguard regime through CETA, expanding duty-free access and strengthening its position in the UK market
Domestic medical device makers have sought stricter Rules of Origin and customs safeguards under the India-UK CETA to prevent third-country rerouting of imports into India
India has operationalised its trade pact with the UK, enabling preferential tariffs from day one and flagging off $140 million worth of exports under the new regime
Hours after the operationalisation of the India-UK Comprehensive Economic and Trade Agreement (CETA), a senior British official said the landmark deal will deliver "tangible business outcomes" for both the partner countries. Harjinder Kang, the UK's Trade Commissioner for South Asia and British Deputy High Commissioner to Western India, also hoped that the agreement would eventually lead to a jump in bilateral trade to USD 100 billion from the present USD 60 billion. "'... as of midnight, we are now able to send goods and services between the two countries on the new trading terms that we've agreed," he told PTI videos in an interaction here. Nearly 99 per cent of the goods and services being exported by India to the UK, and 90 per cent of the goods and services imported by the country will now attract lower or zero tariffs, he said, stressing that the deal will benefit consumers in both countries by lowering costs. "'... in effect, there are some very, very good tangible outcomes
Indian exporters will be able to ship over 11 lakh tonnes of steel annually to the UK duty-free under the free trade agreement, which came into force on Wednesday, through a combination of country-specific and residual quotas, an official said. The UK's March steel safeguard measures had become a major sticking point in implementing the Comprehensive Economic and Trade Agreement (CETA), which was signed on July 24, 2025. The resolution of the issue has paved the way for the implementation of the agreement from July 15. Overall, 188 steel items accounting for USD 137 million worth of steel exports from India to Britain were covered by these safeguard measures. India's total steel exports were USD 960 million in 2025. To protect the interest of our exporters, India engaged extensively with the UK side to mitigate the impact of the steel measure on India's exporters. Based on the consultations with stakeholders, India requested the UK for enhancing quota for India under the steel ...
A higher tariff-rate quota secured under the India-UK trade pact is expected to lift India's annual duty-free steel exports to the UK to around $1 billion
CBIC has outlined the operational framework for self-certification of origin under the India-UK trade pact, enabling importers to claim preferential tariff benefits from July 15
India and the UK's trade deal comes into force on July 15, lowering import duties on many Indian exports and offering social security relief for professionals
The India-UK free trade agreement opens market access but does not automatically translate into higher exports, and the country must strengthen standards, certification, logistics and buyer linkages to realise its full benefits, economic think tank GTRI said on Saturday. The India-UK Comprehensive Economic and Trade Agreement (CETA) will come into force from July 15. "Without parallel work on standards, certification, logistics, regulatory approvals and buyer networks, much of the opportunity will remain on paper. The agreement opens the door; India must now convert access into exports," the Global Trade Research Initiative (GTRI) said. Citing example, GTRI Founder Ajay Srivastava said while food exporters need better testing, traceability and compliance with UK sanitary and phytosanitary rules;machinery and electronics firms need certification, technology and stronger buyer links. Similarly automobile exporters must meet rules-of-origin and technical requirements; and the garment,
Industry sees no immediate disruption in premium segment
India has notified the procedure for importers to seek government approval to avail quota-based duty concessions on imports of passenger cars and goods vehicles under the free trade agreement with the UK, which will come into force on July 15. Under the Comprehensive Economic and Trade Agreement (CETA), India will reduce import duties on automotive imports from about 110 per cent to 10 per cent, with quotas on both sides. India is allowing import of 3.78 lakh units of conventional-engine passenger cars, including those in the mass segment, from the UK at concessional customs duty during the first 15 years of the implementation of the trade pact between the two countries. "Procedure for allocation of Tariff Rate Quotas (TRQ) under India-UK (CETA) is notified," the Directorate General of Foreign Trade (DGFT) has said in a public notice dated July 9. It said that at the time of clearance of the import consignment, the importer in India has to produce a Certificate of Origin issued by
The India-UK trade pact opens duty-free access for Indian EVs while easing tariffs on UK car imports, strengthening two-way automotive trade
The Double Contribution Convention will exempt eligible Indian professionals and employers from UK social security payments for five years, reducing costs significantly
India will allow the import of 3.78 lakh units of conventional-engine passenger cars, including those in the mass segment, from the UK at concessional customs duty during the first 15 years of the implementation of the trade pact between the two countries. Under the pact, tariffs on automotive imports will fall from about 110 per cent to 10 per cent, with quotas on both sides. According to the India-UK CETA document, released on Wednesday, India will get access to the UK's electric, hybrid/hydrogen passenger cars segment with duty-free exports to that country from the sixth year in the price segment ranging from GBP 20,000 to GBP 80,000, with the total quota reaching a peak of 88,000 units from the 15th year and continuing in the subsequent years. This will benefit Indian manufacturers such as Tata Motors Passenger Vehicles, Mahindra & Mahindra, and Maruti Suzuki, among others. The two countries announced the implementation of the comprehensive trade and economic partnership ...
Alongside the trade pact, the Double Contribution Convention will also take effect, easing social security obligations for temporary cross-border workers
Commerce Secretary Rajesh Agrawal said in a post on X that they took stock of progress and worked though the sticking points
The India-UK free trade agreement (FTA), signed in July last year, is likely to come into force in the next 30-45 days, Commerce and Industry Minister Piyush Goyal said on Thursday. Goyal held a bilateral meeting with Peter Kyle, UK's Secretary of State for Business and Trade, on the sidelines of the 14th ministerial conference of the World Trade Organisation (WTO) last month in Cameroon. "The United Kingdom is also very pleased at the speed with which the India-UK Free Trade Agreement passed both Houses of Parliament... and we are also looking at a possible entry into force of the agreement over the next 30 to 45 days," he told reporters here. India and the UK, on July 24, 2025, signed the Comprehensive Economic and Trade Agreement (CETA) under which 99 per cent of Indian exports will enter the British market at 'zero' duty, while tariffs on British products such as cars and whisky will be reduced in India. The following are the other developments on free trade agreements that Ind
Modi said that the India-UK free trade pact is expected to strengthen micro, small and medium enterprises (MSMEs) in India, thereby creating opportunities for youth employment