New Delhi, Oct. 12 -- India and the United Kingdom on Monday agreed to exchange annual data on businesses' utilisation of preferential tariffs under their Comprehensive Economic and Trade Agreement (CETA), the commerce & industry ministry said in a statement. The two sides agreed to establish committees, working groups and government-to-government contact points to ensure the smooth implementation of the trade pact, it added.

The decision was taken at the 16th meeting of the India-UK Joint Economic and Trade Committee (JETCO) in New Delhi, co-chaired by commerce and industry minister Piyush Goyal and UK secretary of state for business, innovation, science and trade Jonathan Reynolds, the ministry said in a joint statement.

Under the arr...