Topic
india-uk trade pact
Trade India-UK Trade Pact Comes into Force on Wednesday; Bilateral Trade to Hit USD 100 bn by 2030
The India-UK comprehensive economic and trade agreement comes into force on July 15, 2026. Bilateral trade in goods and services is currently about USD 55-60 billion, with a target of USD 100 billion in 3-4 years. Key features include zero-duty entry for Indian textiles, leather, footwear, gems and jewellery and plastics; stringent rules of origin for silver imports; and the Double Contribution Convention benefiting over 75,000 Indian workers.
Trade India-UK trade pact: CBIC issues guidelines on implementation of self-certification of origin declarations
The Central Board of Indirect Taxes and Customs (CBIC) has issued guidelines for implementing self-certification of origin declarations under the India-UK trade agreement. The framework replaces conventional certificates with self-declarations, requiring an authentication process by customs authorities of both countries. Preferential duty treatment is granted only after authenticity is established, and each declaration applies to a single shipment.
Trade India-UK Trade Pact Sparks Rush of Export Orders Ahead of July 15 Rollout
The India-UK trade pact, effective July 15, has triggered a surge in export orders across textiles, leather, gems, and chemicals. Textile and garment orders are up 12%, leather handbags and shoes up 20%, and chemical exporters expect a 30-40% rise, according to industry sources.
Trade India Finance Ministry Notifies Rules of Origin for Goods Under India-UK Trade Pact
India's Finance Ministry has notified the rules of origin for goods under the India-UK Comprehensive Economic and Trade Agreement (CETA). The rules, effective July 15, 2026, are critical for exporters to claim duty-free access covering 99% of India's exports to the UK. CBIC will oversee implementation, with authorised entities issuing certificates of origin.
Trade UKIBC Hails India-UK Trade Pact Rollout From July 15, Says CETA to Unlock New Growth
The UK India Business Council (UKIBC) has applauded the upcoming India-UK Comprehensive Economic Trade Agreement (CETA), which enters into force on July 15, 2026. Bilateral trade reached £47.9 billion in the four quarters ending Q4 2025, a 10% increase, with tariff reductions and improved market access expected to further boost trade and investment. The pact is projected to significantly benefit India's services sector, including IT, financial services, and education.