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New Delhi, Jul 15 (PTI) India and the UK on Wednesday operationalised a free trade agreement under which a host of domestic goods will enter at zero duty in the British market.
Commerce and Industry Minister Piyush Goyal said that a social security agreement too has been operationalised from July 15.
"With the coming into force of the Comprehensive Economic and Trade Agreement and the Agreement on Social Security, our economic linkages are going to get even deeper," Goyal said in a social media post.
The CETA will give fresh momentum to Indian farmers, entrepreneurs and MSMEs. Several vibrant sectors will gain stronger access to the UK market, he said.
It will also deepen cooperation in technology, professional services and innovation, while supporting greater mobility for skilled Indian talent, he added.
The social security agreement will provide invaluable support to Indian professionals working temporarily in the UK and strengthen the competitiveness of Indian enterprises, he said. PTI RR ANU ANU
Zero-duty market access under the India-UK trade pact expands opportunities for domestic goods, enterprises, professionals and skilled mobility. The India-UK Comprehensive Economic and Trade Agreement has been operationalised, enabling a range of domestic goods to enter the UK market at zero customs duty and expanding market access for Indian farmers, entrepreneurs and micro, small and medium enterprises. A social security agreement has also entered into force to support Indian professionals temporarily working in the UK, improve enterprise competitiveness, and complement cooperation in technology, professional services, innovation and skilled-worker mobility.Press 'Enter' after typing page number.