New Delhi, April 16 -- Indias free trade agreement (FTA) with the UK is expected to come into force in May, according to Commerce Secretary Rajesh Agrawal.
India and the UK had signed the Comprehensive Economic and Trade Agreement (CETA) in July last year, under which 99 per cent of Indian exports will gain zero-duty access to the British market. In return, India will reduce tariffs on select British goods, including automobiles and whisky.
Talking to the reporters, he said, We expect the free trade agreement related to UK to come into operation in May sometime. We are yet to finalise the date because there are certain discussions on their (UK) side also.
Agrawal also noted that Indias trade agreement with Oman is likely to come into...