Union Commerce Minister Piyush Goyal has stated that the India-UK Comprehensive Economic and Trade Agreement (CETA) will unlock immense opportunities for growth and prosperity on both sides. In a post on X, Goyal shared that he discussed the agreement's potential while addressing business leaders and investors from India and the UK.
Key Provisions of the Agreement
Under CETA, 99 per cent of India's exports to the UK—covering nearly the entire trade value—will receive duty-free market access. The agreement was signed by Goyal and UK Secretary of State for Business and Trade Jonathan Reynolds following the successful conclusion of negotiations announced on May 6, 2025.
Services Sector Expansion
Beyond trade in goods, the agreement significantly expands cooperation in the services sector, one of India's key economic strengths. India exported services worth over USD 19.8 billion to the UK in 2023, as per a government statement. The agreement streamlines entry for contractual service suppliers, business visitors, intra-corporate transferees and independent professionals, facilitating greater cross-border movement of skilled talent and creating new opportunities for Indian service providers in the UK.
Government's Call to Action
Goyal urged market participants to leverage the full potential of this landmark agreement to deepen collaboration, boost trade and investment flows, and drive innovation across sectors. The India-UK CETA is expected to play a key role in strengthening bilateral economic cooperation by facilitating trade and investment flows and enhancing collaboration in areas of mutual interest.
