Branch² Intelligence
Decoding the India-UK CETA: Check what's changing in terms of tariffs, import duty & more
Key takeaway
India-UK FTA effective July 15 removes tariffs on many Indian goods and reduces duties on British products like chocolate and auto parts.
- Step 1India-UK FTA removes tariffs on Indian steel and marine exports to UK, and reduces duties on British chocolate and auto parts to India.
- Step 2Indian steel and marine exporters gain cost advantage, boosting export volumes; British chocolate and auto parts become cheaper in India, pressuring domestic producers.
- Step 3Indian SMEs in steel and marine sectors benefit from higher demand and margins; Indian auto parts and confectionery SMEs face increased competition from British imports.
Source: Economic Times — Economy
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