%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(9).png "A Comprehensive Economic and Trade Agreement signed between India and the UK")
Here’s a crisp summary of its highlights:
a) $50 billion
b) $80 billion
c) $115 billion
d) $112 billion
Answer: d) The agreement aims to double bilateral trade from current levels to $112 billion by 2030, reflecting ambitious trade liberalization and cooperation goals.
- Zero-duty access for 99% of Indian exports to the UK, covering textiles, leather, marine products, gems & jewellery, and toys.
- Tariff cuts on UK exports to India, including Scotch whisky (from 150% to 40% over 10 years), automobiles (down to 10%), and medical devices.
- Expanded services access in IT, finance, education, legal, and digital trade.
- Double Contribution Convention (DCC): Indian professionals on short UK assignments are exempt from dual social security payments for up to 3 years.
- Mobility boost for chefs, yoga instructors, musicians, and engineers via streamlined visa pathways
- MSME empowerment through public procurement access and reduced non-tariff barriers.
- Sustainability and gender equality chapters included for the first time in an Indian trade pact.
Question:
Q.1 What is the targeted bilateral trade volume between India and the UK by 2030 as per the Comprehensive Economic and Trade Agreement (CETA)?a) $50 billion
b) $80 billion
c) $115 billion
d) $112 billion
Answer: d) The agreement aims to double bilateral trade from current levels to $112 billion by 2030, reflecting ambitious trade liberalization and cooperation goals.
