India-UK CETA to unlock immense growth opportunities for both nations: Piyush Goyal
New Delhi, June 26
India-UK Comprehensive Economic and Trade Agreement will unlock immense opportunities for growth and prosperity on both sides, said Piyush Goyal Union Commerce Minister.
Taking to his X account, Goyal shared that he discussed how the India-UK CETA will unlock growth opportunities for both the countries while addressing business leaders and investors from both India and UK.
"Spoke about how the India-UK Comprehensive Economic and Trade Agreement (CETA) will unlock immense opportunities for growth & prosperity on both sides."
Furthermore, the Minister had also urged the market participants to utilize the full potential of the major deal for strengthening the economic ties between the two nations.
"Urged them to leverage the full potential of this landmark agreement to deepen collaboration, boost trade & investment flows, and drive innovation across sectors," he wrote on X.
The India-UK CETA is expected to play a key role in strengthening bilateral economic cooperation by facilitating trade and investment flows and enhancing collaboration in areas of mutual interest.
India and the United Kingdom have signed the Comprehensive Economic and Trade Agreement (CETA), to deepen economic cooperation and boost trade and investment between the two countries.
The agreement was signed by Piyush Goyal and UK Secretary of State for Business and Trade Jonathan Reynolds following the successful conclusion of negotiations announced on May 6, 2025. by 2030.
Under the Comprehensive Economic and Trade Agreement (CETA), 99 per cent of India's exports to the UK--covering nearly the entire trade value--will receive duty-free market access.
Beyond trade in goods, the agreement significantly expands cooperation in the services sector, one of India's key economic strengths. India exported services worth over USD 19.8 billion to the UK in 2023, as per a statement by GoI. The agreement streamlines entry for contractual service suppliers, business visitors, intra-corporate transferees and independent professionals, facilitating greater cross-border movement of skilled talent and creating new opportunities for Indian service providers in the UK.
— ANI
Reader Comments
Very promising for our IT and services sector! With easier visa norms for professionals, this could mean more opportunities for Indian engineers, consultants, and healthcare workers in the UK. But I hope our farmers and small traders also get proper support to benefit from this deal.
As someone who works in trade policy, this is a landmark moment. The UK-India relationship has been underutilized for decades. This CETA could be a game-changer for both economies, especially in fintech, pharmaceuticals, and renewable energy. Kudos to both governments for getting it done.
Great move! But I hope the benefits trickle down to the common citizen too. Often such big trade deals sound amazing on paper but ground reality for small businesses and workers is different. Let's keep an eye on how this actually impacts job creation and local industries. 🤞
As an Indian working in London, I can already see the excitement here. This is a win-win for both countries. India gets access to UK's advanced tech and services, while UK benefits from India's manufacturing and skilled workforce. Let's hope the bureaucracy doesn't slow things down! 😊
Good for trade, but I'm a bit skeptical about the '99% duty-free' claim. There might be hidden non-tariff barriers or standards that our exporters will struggle with. Also, need to ensure reciprocity - UK firms should get fair access to Indian markets too. Let's see the fine print.
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.