New Delhi, July 15: The Comprehensive Economic and Trade Agreement (CETA) between India and the UK represents a pivotal moment in the partnership between the two nations. This agreement will deepen our economic relations, stated Prime Minister Narendra Modi on Wednesday.
Modi quoted Union Commerce and Industry Minister Piyush Goyal’s post on social media platform X regarding the implementation of the India-UK CETA. He emphasized, “This is a significant moment in the India-United Kingdom partnership. The implementation of CETA and the Social Security Agreement will further strengthen our economic ties. Together, these agreements will transform our shared ambitions into tangible opportunities for our people.”
The CETA is expected to provide new momentum for our farmers, entrepreneurs, and MSMEs. It will enhance access to the UK market for several key sectors. Additionally, it will foster collaboration in technology, professional services, and innovation, while also promoting the mobility of skilled Indian professionals.
The Prime Minister further noted that the Social Security Agreement will greatly assist Indian professionals working temporarily in the UK and enhance the competitive edge of Indian companies.
“This moment reflects our commitment to building a future-focused partnership based on trust, trade, technology, investment, and innovation between our democracies. India and the UK will continue to work together for shared prosperity,” he added.
Minister Goyal remarked that this agreement, achieved under Prime Minister Modi’s leadership, is a milestone in bilateral relations. It will grant zero-duty access to nearly 99% of India’s exports to the UK, covering 100% of India’s trade value.
According to the central minister, this trade agreement will open significant export opportunities for sectors such as textiles, leather, gems and jewelry, engineering goods, marine products, chemicals, processed foods, as well as for MSMEs, farmers, and manufacturers.
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