India-The United Kingdom Free Trade Agreement (FTA) is expected to come into effect from the second week of May. An officer gave this information. This agreement was signed by India and the United Kingdom in July last year. The two countries had signed the Comprehensive Economic and Trade Agreement (CETA) on July 24, 2025, under which 99 percent of Indian exports will reach the United Kingdom market at zero tariff. At the same time, India will reduce duty rates on British products like cars and liquor. “We hope that this agreement will come into effect from the second week of May,” the official said.
India and United Kingdom have also signed DCC agreement
India and the United Kingdom have also signed the Dual Contribution Treaty (DCC) Agreement. With this, temporary workers of both the countries will not have to pay social duty twice. The official said that both the agreements are likely to be implemented simultaneously. CETA aims to double trade between the two economies to $56 billion by 2030. Under the agreement, India has opened its market to many consumer products including chocolates, biscuits and cosmetics.
These Indian products will get better access in Britain
At the same time, India will get more market access in the United Kingdom for sectors like textiles, footwear, gems and jewellery, sports goods and toys. Under this agreement, the tariff on Scotch whiskey will be reduced from 150 percent to 75 percent immediately and further reduced to 40 percent by 2035. India will gradually reduce the import duty on British vehicles to 10 per cent over the next five years, from 110 per cent currently, under a liberal quota system. In return, Indian manufacturers will get access to the United Kingdom market for electric and hybrid vehicles.
FTA between India and New Zealand expected to be signed on April 24
Let us tell you that the Free Trade Agreement (FTA) between India and New Zealand is expected to be signed on April 24. This agreement will give Indian exporters zero-tariff access to the market of the island country New Zealand for their products and is expected to bring investment of about $ 20 billion in the next 15 years. Both the countries had announced the completion of negotiations on this trade agreement on December 22 last year. The aim of this agreement is to increase bilateral trade to 5 billion dollars in the next 5 years.
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