New Delhi, July 13 -- India's free trade agreement (FTA) with the United Kingdom may improve market access for exporters, but tariff reductions alone will not be enough to fully realise its export potential, according to the Global Trade Research Initiative (GTRI).

The think tank said that while the India-UK Comprehensive Economic and Trade Agreement (CETA), effective July 15, lowers duties on several products, its benefits will depend on India's ability to meet regulatory and quality standards in the UK market.

Focus Needed on Standards and Logistics

GTRI founder Ajay Srivastava, said, "Without parallel work on standards, certification, logistics, regulatory approvals and buyer networks, much of the opportunity will remain on paper. T...