None
ID
India-UK trade pact to boost farm and auto exports
['Telangana Today']
Telangana Today
The India-UK Comprehensive Economic and Trade Agreement (CETA), which came into force on July 15, is also set to boost automotive exports due to reduced tariffs, according to experts.
He added that digital technologies can directly address these gaps by improving traceability, reducing losses, supporting compliance and improving export reliability.
Duties on auto components will be reduced from around 2-4 per cent to nil, enhancing the competitiveness of Indian manufacturers in the UK market, he said.
“This balanced framework is expected to encourage investment, technology transfer and deeper supply chain integration, while providing the domestic industry adequate time to enhance its competitiveness,” he added.
He also said that the Internal Combustion Engine (ICE) passenger car segment is expected to be the biggest beneficiary during the initial phase of the agreement.