India-UK FTA kicks in today: Nearly 99% of Indian exports get duty-free access to UK market

India-UK Comprehensive Economic and Trade Agreement (CETA) took effect on July 15, granting nearly 99% of Indian exports duty-free access to the UK market.

The Double Contribution Convention (DCC) on social security also came into force, reducing costs for Indian professionals in the UK.

The agreement is expected to boost India's labour-intensive sectors like textiles, leather, footwear, gems and jewellery, processed food, marine products, engineering goods, and auto components by eliminating tariffs.