The Comprehensive Economic and Trade Agreement (CETA) between India and the UK is a significant augury for the former, as it is the first comprehensive bilateral trade agreement that has been signed with a P5 country. This agreement could serve as a template for two significant agreements that India would sign in the very near future with the EU and the US.

The Indian side is celebrating the CETA, for it provides duty-free access to 99% of the country’s exports to the UK, including labour-intensive sectors that would provide a fillip to the ‘Make in India’ initiative. There are expectations that major industries, such as textiles, marine products, leather, footwear, toys, and gems and jewellery, would be able to export more to the UK.........

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