India-UK FTA: Engineering goods export likely to reach USD 7.5 billion by 2029-30
New Delhi: The duty on engineering goods has been slashed from 18 percent to zero in the Free Trade Agreement between India and the UK, a move that will make exports more competitive.
With the elimination of tariffs under the FTA signed on Thursday, engineering exports to the UK could nearly double in the next five years, reaching over USD 7.5 billion by 2029-30, a commerce ministry official........
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