What are the gains from the India-U.K. trade deal? | Explained
The India-U.K. Comprehensive Economic and Trade Agreement (CETA) has officially come into effect, eliminating tariffs on the vast majority of trade lines. The deal also includes a Double Contribution Convention to provide social security relief for Indian workers in the U.K.
The story so far: The India-U.K. Comprehensive Economic and Trade Agreement (CETA) came into effect on July 15 , a year after it was signed . Coupled with this agreement, the Double Contribution Convention (DCC) also comes into effect at the same time. The deal has been hailed by both sides, with Commerce Secretary Rajesh Agrawal even saying it is the “gold standard” of India’s free trade agreements .
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