New Delhi, July 14 -- India's Comprehensive Economic and Trade Agreement (Ceta) with the UK, which takes effect on Wednesday, is expected to propel bilateral trade to $100 billion by 2030, opening significant opportunities for exporters across engineering goods, textiles and apparel, leather, gems and jewellery, chemicals, marine products and services, the Union commerce ministry said.

Describing it as one of India's most ambitious trade pacts, commerce secretary Rajesh Agrawal said the Ceta sets a "gold standard" owing to its broad sectoral coverage and deep commitments on tariff as well as non-tariff measures. Unlike conventional free trade agreements that primarily focus on tariff liberalization, the India-UK Ceta spans 30 chapters, c...