London: The India-UK Free Trade Agreement (FTA), officially known as the Comprehensive Economic and Trade Agreement (CETA), signed by Prime Ministers Narendra Modi and Keir Starmer on July 24, will slash trade tariffs from 15 per cent to 3 per cent, providing a major boost to business confidence in a volatile global environment. This was...
India’s recently signed Free Trade Agreement (FTA) with the United Kingdom is expected to result in a Rs 4,060 crore loss to customs revenue in its inaugural year, as per estimates from the Global Trade Research Initiative (GTRI). The fiscal repercussions are projected to increase each year, reaching Rs 6,345 crore, approximately £574 million, by...
During Prime Minister Narendra Modi’s visit to the UK, a significant event will be the signing of a free trade agreement (FTA) between the two nations. Whisky, automobiles, electric vehicles, and textiles are among the sectors that will gain advantages following the agreement, the negotiations for which wrapped up in May after three years of...