New Delhi: Union Home Minister Amit Shah on Wednesday said the India-UK Free Trade Agreement is set to unlock untapped potential across labour-intensive industries by offering zero-duty market access for 99 per cent of the country's exports.
He said the agreement, which came into force on Wednesday, is key to achieving the vision of a Viksit Bharat envisioned by Prime Minister Narendra Modi.
"The treaty is set to unlock untapped potential across labour-intensive industries, offering zero-duty market access for 99% of Indian exports, including those in textiles, leather, engineering, food processing, pharmaceuticals and MSMEs," Shah said on X.
He said the treaty stands as a testament to the Centre's pro-people diplomacy.
The treaty will also extend significant exemptions to Indian professionals in the UK, he said.
The Comprehensive Economic and Trade Agreement (CETA), which came into force on Wednesday, was signed by Prime Minister Narendra Modi and his UK counterpart Keir Starmer in July last year.
The pact is expected to at least double trade between the two countries from the current annual level of an estimated 48 billion pounds by 2030 and boost their GDPs by nearly 5 billion pounds every year in the long run.
