28 Jul 2025
The negotiations began in January 2022 and culminated on May 6th, 2025.
India and the UK signed the Comprehensive Economic and Trade Agreement (CETA) on July 24, following over three years of negotiations. It aims to double the bilateral trade of goods and services by 2030 from the current $56 billion.
99% of the Indian exports, including auto parts, engineering goods, textiles and leather, footwear, organic chemicals, and toys, will gain duty-free access. India has halved the tariff on scotch whisky to 75% with immediate effect and will reduce it to 40% over the next decade.
PM Modi says the deal will benefit Indian farmers, MSMEs, footwear and jewellery exports, and seafood and engineering goods sectors. The UK’s aerospace parts and medical devices will face lower tariffs and be available at a cheaper price in India.
The UK is the first country to sign a trade deal with the US in May; India is currently in the process of signing one.
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