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PM Modi says India-UK trade deal boosts farmers and MSMEs
The Hindu··15 Jul
Prime Minister Narendra Modi said on July 15 that the India-UK Comprehensive Economic and Trade Agreement will give fresh momentum to farmers, entrepreneurs and MSMEs. The deal came into force on July 15 along with a social security agreement. Modi said it offers duty-free access for nearly 99 percent of Indian exports and deepens cooperation in technology and professional services.
Prism
What It Means For You
- Indian exporters in textiles and engineering gain wider UK market access.
- IT professionals posted to Britain could see lower social security costs.
- Consumers may eventually see cheaper British whisky and premium cars.
What's Happening
- The India-UK CETA took effect on July 15, 2026.
- PM Modi and Commerce Minister Goyal highlighted sectoral gains.
- A social security agreement also came into force the same day.
Trade Deal Context
- Nearly 99 percent of Indian exports get duty-free UK access.
- Pharmaceutical exporters can compete in a $30 billion UK medicine market.
- UK officials called it a watershed moment for the partnership.
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