PIB Textiles

Today marks a defining milestone in India-UK ties. 🇮🇳🤝🇬🇧 Under the dynamic leadership of Hon'ble PM @NarendraModi ji, the India-UK Comprehensive Economic and Trade Agreement (CETA) and the Agreement on Social Security, have come into force, delivering zero-duty market access for nearly 99% of India's exports, covering almost 100% of trade value. The #IndiaUKFTA creates unprecedented opportunities for our textiles, leather, gems & jewellery, engineering goods, marine products, chemicals, processed foods, MSMEs, farmers and manufacturers. It also opens new frontiers for our IT, professional, financial, education and business services sectors, while expanding mobility for Indian talent. The Agreement on Social Security further strengthens this partnership by exempting Indian professionals on temporary assignments from double social security contributions for up to 5 years, enhancing the global competitiveness of our workforce. I thank my friend and counterpart @PeterKyle, and both negotiating teams, for their commitment in bringing this transformational agreement to fruition. Together, we remain committed to building a resilient, innovation-driven partnership that will drive growth, investment and shared prosperity for generations to come.