India and the UK are close to operationalising their trade pact, but a new British steel safeguard measure has delayed the Entry into Force of CETA. Commerce Secretary Rajesh Agrawal said the two sides are working on a “unique and creative solution” to handle the steel hurdle. The UK will cap tariff-free steel from July 1, 2026, cutting quota volumes by 60% and charging 50% tariffs above limits. India targets doubling bilateral trade to USD 112 billion by 2030.
India and the UK held a virtual meeting to accelerate trade and investment, focusing on the Comprehensive Economic and Trade Agreement inked last year. The deal is expected to expand bilateral commerce sharply by granting 99% of Indian exports duty-free access to the UK, while India will cut tariffs on a range of British goods, aiming to unlock faster growth.
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India and the UK are deepening cooperation through the Technology Security Initiative, a pact aimed at critical and emerging technologies. The effort is designed to strengthen and secure supply chains while supporting economic growth, with collaboration already spanning AI, quantum, biotechnology, and health tech. Joint innovation projects are underway to boost both nations’ technological capabilities.
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