The India-UK Comprehensive Economic and Trade Agreement (CETA) came into force on Wednesday, with senior British officials describing it as a "new gold standard" for trade agreements that will deliver immediate business benefits, deepen economic ties and help lift bilateral trade from the current USD 60 billion to USD 100 billion over time.
Speaking hours after the pact became operational, UK Trade Commissioner for South Asia and British Deputy High Commissioner to Western India Harjinder Kang said businesses in both countries can now trade under the new framework, while British High Commissioner Lindy Cameron said the agreement demonstrates that a rules-based global trading order continues to work.
