New Delhi, June 18 -- India has secured safeguards for its steel exports under the India-UK free trade agreement (FTA) and remains confident that exporters will not lose market access despite the UK's new steel trade measures, according to a top government official.

The official further said that nearly 85% of India's steel exports to the UK remain outside the scope of Britain's steel trade measures that are scheduled to take effect from 1 July. Of India's steel shipments to the UK, only about $137 million in exports are subject to the safeguard regime. India has secured protection through a combination of country-specific quotas, residual quota allocations and access under the Authorised Use Scheme.

Steel safeguards were among the key ...