Topic
india-uk
Trade India-UK FTA Must Drive Transformational Growth, Not Just Higher Trade: Piyush Goyal
Commerce Minister Piyush Goyal called on Indian and British businesses to pursue transformational growth beyond incremental gains from the India-UK Free Trade Agreement, effective July 15. He highlighted the Double Contribution Convention's benefits for temporary workers and criticised global rating agencies for unfair assessments of India.
Trade Piyush Goyal Urges Businesses to 'Seize the Moment' as India-UK Trade Pact Unlocks 'Floodgates'
Indian Commerce Minister Piyush Goyal, during a three-day visit to the UK, said the recently signed Comprehensive Economic and Trade Agreement (CETA) will unlock 'floodgates' for business. He was accompanied by the largest-ever Indian business delegation of nearly 170 representatives. On US bilateral talks, Goyal noted broad agreement except on India's comparative advantage over ASEAN competitors.
Trade India-UK social security pact to slash costs for firms; up to 95% of Indian professionals to gain
The India-UK social security pact, effective July 15 alongside the free trade agreement, will exempt 90-95% of Indian professionals in the UK from dual contributions. The move is expected to lower employment costs for Indian companies and strengthen IT and professional services sectors.
Trade India-UK FTA clears steel hurdle; 85% of Indian exports shielded from British curbs
India has secured protection for **85%** of its steel exports to the UK under the India-UK Comprehensive Economic and Trade Agreement (CETA), with those shipments remaining outside Britain's upcoming steel safeguard measures. The agreement, effective from July 15, caps tariff-free imports and reduces overall quota volumes by **60%**, with a **50%** tariff on over-quota steel. The deal also addresses concerns over the UK's planned carbon border adjustment mechanism (CBAM) scheduled for **2027**.