Ficci president: India-UK relationship-why the CETA will confer benefits well beyond trade
New Delhi, July 14 -- The India-UK Comprehensive Economic and Trade Agreement (CETA), one of India's most ambitious bilateral trade agreements, goes into force on 15 July. The deal covers much more than tariff liberalization, representing a strategic partnership between two complementary economies that seek to build resilient supply chains, deepen technology collaboration, attract investment and create new opportunities for businesses.
It comes at a time when global trade is increasingly being shaped by geopolitical factors and supply chain realignments. Bilateral trade has reached nearly $56 billion and both countries aim to double it by 2030. The CETA provides the institutional framework to achieve this.
An Indian business delegation ...
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