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The India-UK CETA grants Panipat exporters duty-free access to the UK market, eliminating previous 9-12% duties on textiles and handloom products. This will likely double Panipat's current Rs 400 crore export business by increasing competitiveness.
The India-UK CETA benefits farmers and food processors by eliminating duties on exports like rice, fruits, and processed foods. Agriculture and food processing are significant beneficiaries. Duty-free access is expected to boost agri exports, while also protecting certain domestic industries.
The India-UK FTA eliminates duties on key agricultural exports like basmati rice and spices, boosting agri exports by over 20% and protecting some domestic industries. Fisheries and processed foods are also poised for significant growth in the UK market.
