Simultaneously, Agreement on Social Security or Double Contribution Convention (DCC) will also be enforced establishing a benchmark of India’s economic diplomacy.
About India- UK (United Kingdom) CETA
- Background: Groundwork was laid in 2021 through adoption of India–UK Roadmap 2030, that dealt with elevating bilateral ties to Comprehensive Strategic Partnership and doubling trade to USD 100 billion by 2030.
- CETA was officially signed in July 2025.
Key Benefits for India
- Enhances Competitiveness for India’s exports: Secures immediate duty-free access on 99% tariff lines.
- Comprehensive Services Commitments: Covers all major services sectors and 137 sub-sectors of export interest to India offering greater regulatory certainty to financial services, professional services, etc.
- Social Security: Exempts Indian workers and employers from making dual social security contributions in UK during temporary assignments; increases period of exemption from 3 to 5 years.
- Next-Generation Framework: Embeds forward-looking chapters on innovation, sustainability, securing critical supply chains, accelerating technological collaboration, etc.
- People Centric: Benefits farmers, fisherfolk, women, entrepreneurs, startups, MSMEs, etc., with increased access to global value chains.
India’s Rising Economic Diplomacy
|