Branch² Intelligence
India, UK trade pact to enhance exports competitiveness, slash trade costs: Experts
Key takeaway
India-UK FTA effective July 15 reduces trade costs, boosting Indian exports.
- Step 1India-UK FTA eliminates tariffs on engineering goods and auto components, reducing export costs.
- Step 2Indian steel and auto ancillary producers gain price advantage over non-FTA competitors in the UK market.
- Step 3Higher export volumes lead to capacity utilization improvements and margin expansion for Indian manufacturers.
- Step 4Indian MSMEs in engineering and auto supply chains integrate into UK value chains, but face compliance costs for rules of origin.
Source: Economic Times — Economy
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