The India-Britain Comprehensive Economic and Trade Agreement (CETA) that comes into force today has overwhelmingly been welcomed for its potential to open huge export opportunities for India, and facilitate greater integration of its firms into global value chains.
Even without CETA, Britain already allows duty-free imports of almost 53% of products from across the world. So, the agreement creates new export opportunities for India for remaining products, especially seafood, grapes, textiles and clothing, leather and footwear, gems and jewellery.
