India-UK trade pact takes effect, cutting tariffs and boosting services trade
NEW DELHI, July 15 (Reuters) - India and Britain's trade pact took effect on Wednesday, cutting tariffs on thousands of goods and expanding market access for services firms and professionals in both countries. The India-UK Comprehensive Economic and Trade Agreement gives Indian exporters duty-free access to most British tariff lines, benefiting sectors such as textiles, leather, footwear, marine products, gems and jewellery, and processed foods.
- India-UK trade pact takes effect on Wednesday
- Deal cuts tariffs, expands services and mobility access
- Indian textiles, marine goods, leather and jewellery to gain
- UK sees openings in autos, services and procurement
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