The India-UK Free Trade Agreement (FTA), scheduled to take intoeffect on July 15, is expected to improve market access for India’s $220 billion specialty chemicals industry by reducing trade barriers and encouraging technology partnerships and advanced manufacturing. Industry officials, however, said regulatory harmonisation, rules of origin, and technical standards will be crucial to ensure businesses fully benefit from the agreement.
According to the government data, India’s chemical exports to the UK rose from $454.27 million in FY24 to $570.32 million in FY25, accounting for nearly 2% of the country’s total chemical exports.
