JK News Today
With the India–UK Comprehensive Economic and Trade Agreement (CETA) coming into force, a consignment of leather products was flagged off at Sunjwan in Vijaypur on Tuesday. It was part of the similar nationwide events marking the implementation of the landmark agreement.
The consignment was flagged off by Assistant DGFT, RA Jammu, Shri. Vivek Kumar Sabharwal. Speaking to media persons on the occasion, Shri Sabharwal highlighted the significant opportunities the agreement offers to Indian exporters, particularly those from the Jammu region. He said that under the India–UK CETA, exporters will no longer be required to pay customs duty on eligible products exported to the United Kingdom. This would make Indian goods more competitive in the UK market, he added.
Sabharwal informed that nearly 99.5 per cent of Indian products will enjoy duty-free access to the UK under the agreement, which is expected to provide a major boost to exports from the Jammu division. He said sectors like leather, textiles, apparel, gems & jewellery, agriculture, marine products and pharmaceuticals will be benefitted, along with enhanced market access for IT and service professionals in UK. In return, UK exporters will also gain from reduced Indian tariffs on goods such as automobiles, machinery, and consumer products. This will also spur large-scale employment generation, empowering artisans, women-led enterprises, and MSMEs.
Shri Sabharwal also informed exporters that they must obtain a Certificate of Origin from the Directorate General of Foreign Trade (DGFT) to avail themselves of the benefits under the agreement. He added that the projected trade growth between both nations, is expected to double by 2030, as this agreement will provide India, a competitive edge over countries like Bangladesh, Vietnam and other competitors in UK market.
India’s landmark free trade agreement with the United Kingdom came into effect from 15th July 2026, with this a new chapter in bilateral economic relation between India & UK has started. The trade agreement gives nearly 99 per cent of Indian exports preferential access to the UK market. India- UK bilateral trade has already reached USD 56 billion with the implementation of this FTA, the trade between both the countries is likely to go past multiple folds in the times to come.
