New Delhi, June 27 (IANS). Union Commerce and Industry Minister Piyush Goyal launched a practical business usage manual for the India-UK Comprehensive Economic and Trade Agreement (CETA) in London, aimed at helping businesses from both the countries make the most of the landmark trade agreement, which comes into effect from July 15.
The ‘UK-India CETA Business Utilization Manual – A Practical Guide for Indian and British Businesses’ was released at the event organized by FICCI and in collaboration with the UK India Business Council (UKIBC).
This manual has been jointly prepared by UK India Business Council and HSBC India. It has been developed as a practical guide for businesses across sectors to easily understand and implement the provisions of trade agreements in their businesses.
According to the press release, this manual has been designed as a living document, which will be updated from time to time, with the aim of helping companies better understand and effectively utilize the opportunities available under CETA.
This manual has been launched at a time when the India-UK trade agreement is going to come into force from July 15, which will ease market access, reduce trade barriers and give new strength to economic cooperation between the two countries.
According to the organizers, many senior industrialists and business leaders from India and Britain attended the two-day event held in London. This event has taken place at a time when economic relations between the two countries are rapidly strengthening.
Dr. Kishore Jayaraman, Group CEO, UK India Business Council, said that India-UK CETA is a new chapter in one of the most important economic partnerships between the two countries.
He said that this manual launched by the Commerce Minister is the first of its kind practical business usage guide, which transforms a complex trade agreement into an easy and useful roadmap for businesses.
Jayaraman said, “UKIBC aims to ensure that businesses from both countries not only understand this agreement, but can also take full advantage of it.”
HSBC India Chief Executive Officer Hitendra Dave said that this trade agreement will provide greater certainty to businesses, better market access and stronger business collaboration.
He said companies should use this manual as a start to increase cross-border trade and investment.
According to the press release, trade between India and the UK has grown steadily over the last few years. Total bilateral trade between the two countries reached about 47.9 billion pounds (about 56 to 60 billion dollars) in the four quarters through the fourth quarter of 2025, which is about 10 percent more than in previous years.
–IANS
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