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India–UK CETA: Key opportunities for businesses
We are pleased to share insights on the India–UK Comprehensive Economic and Trade Agreement (CETA), a landmark agreement expected to significantly strengthen bilateral trade and economic cooperation.
The Agreement provides substantial market access benefits, with 99% of Indian exports by value expected to gain duty-free access to the UK, while India will progressively reduce tariffs on 90% of tariff lines, covering 92% of UK imports, over a period of up to 10 years.
Businesses should evaluate the impact of CETA on their operations, including tariff benefits, product-specific concessions, Rules of Origin, certification requirements, and supply chain strategies, to unlock potential opportunities and enhance competitiveness.
Please find our detailed Alert attached. Should you wish to discuss the implications for your organization, our EY professionals would be happy to assist.
For a consultation, you may write to Agneshwar Sen, Associate Partner and Leader, Trade Policy, EY India:
Agneshwar.sen@in.ey.com