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Decoding the India-UK CETA: Check what's changing in terms of tariffs, import duty & more

The India-UK Comprehensive Economic and Trade Agreement (CETA), effective July 15, marks a significant milestone in bilateral trade relations. It eliminates tariffs on various Indian goods, enhancing their market access in the UK, while reducing import duties on British products in India. This agreement allows Indian firms to participate in UK government contracts, thereby fostering economic collaboration and benefiting key sectors like steel and marine products. Its implications are profound for trade dynamics between the two nations.