New Delhi, Oct. 22 -- India has significant scope to expand its processed food exports to the UK, as it currently accounts for just 0.6 per cent (USD 309.5 million) of the country's annual imports worth USD 50.68 billion, the Trade Promotion Council of India (TPCI) said on Thursday.

The India-UK Comprehensive Economic and Trade Agreement (CETA), implemented on July 15, has removed tariffs on several Indian exports, including processed foods, shrimp and instant coffee, improving their competitiveness in the British market.

To strengthen bilateral trade in food processing, TPCI has signed a memorandum of understanding (MoU) with the UK-India Business Council (UKIBC), PTI reported.

The agreement provides a framework for business collabora...