Commerce Ministry meets industry leaders to discuss export gains from India-UK trade pact
The Department of Commerce convened a key meeting in New Delhi with stakeholders from the textiles, leather, and footwear industries to explore benefits under the India-UK Comprehensive Economic and Trade Agreement (CETA).
Union Minister Shri Piyush Goyal called the pact a transformative step, stating it opens a “world of opportunities” for Indian exporters, especially in labour-intensive sectors. CETA offers Indian products, such as garments, carpets, and footwear, zero-duty access to the UK market, eliminating the earlier tariff disadvantages of up to 12%.
Secretary Shri Sunil Barthwal emphasised the agreement’s role in boosting MSMEs, employment, and global visibility for Indian artisans. Industry leaders from CLE, CII, CIFI, and others welcomed the move, highlighting improved competitiveness.
With import duties removed, previously up to 11.9%, India’s leather and footwear exports to the UK are projected to double to USD 1 billion in three years. Clusters such as Tirupur, Moradabad, and Jaipur are set to benefit significantly.
The pact also supports GI-tagged products like Kolhapuri footwear, encourages sustainable practices, and simplifies customs. More consultations and workshops are planned to prepare industry players to fully leverage CETA’s benefits.
Source: PIB
