India-UK CETA takes effect; $140 million exported duty-free on Day 1
The India-UK Comprehensive Economic and Trade Agreement (CETA) became operational on 15 July 2026, and India exported goods worth over USD 140 million to the UK at zero duty on day one, Commerce Secretary Rajesh Agrawal said. The first consignments spanned gems and jewellery, engineering goods, textiles, marine products, processed food and pharmaceuticals. The pact targets bilateral trade of USD 100 billion by 2030.
Key Facts & Details
7 points- 1The India-UK CETA became operational on 15 July 2026.
- 2India exported over USD 140 million of goods to the UK at zero duty on Day 1.
- 3First consignments included gems & jewellery, engineering goods, textiles, marine and pharma.
- 4Commerce Secretary Rajesh Agrawal announced the figure.
- 5The pact targets bilateral trade of USD 100 billion by 2030.
Deep Dive
- +Labour-intensive sectors like textiles, leather and engineering goods gain the most from zero UK duties.
- +This follows the CETA's conclusion and marks the start of actual tariff concessions.
Exam Focus
How much did India export to the UK at zero duty on the first day of the India-UK CETA?
Related Topics
Exam Relevance & Angle
The CETA go-live and Day-1 export figure are fresh, testable economy/IR data points.
Target Exams
Background & Context
The India-UK CETA is a landmark FTA; its entry into force on 15 July 2026 activated tariff concessions on both sides.
Test Yourself
1 / 1On the first day of the India-UK CETA coming into force, India exported goods worth about:
Source
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