India-UK Free Trade Pact Set for April Implementation, Boosts Trade to $100 Billion

• The India-UK Comprehensive Economic and Trade Agreement (CETA), signed in July last year, is expected to be implemented in April.
• Under CETA, 99% of Indian exports will enter the British market at zero duty, while tariffs on British products like cars and whisky will be reduced in India.
• The pact aims to double the USD 56 billion trade between the two countries by 2030.
• India will gain greater access to export products such as textiles, footwear, gems and jewellery, sports goods, and toys.
• Tariffs on Scotch whisky will be reduced from 150% to 75% immediately, and further to 40% by 2035; India will reduce import duties on automobiles to 10% over five years.