Summary of Important News Items and Editorials-47
Summary of Important News Items and Editorials-47
INDIAN EXPRESS DATED 25TH JULY 2025.
1. India-UK: Deal’s Done
India and the UK signed a landmark Comprehensive Economic and Trade Agreement (CETA), hailed as a defining moment in bilateral ties. Signed at PM Starmer’s Chequers residence, the pact promises tariff-free access to 99% of Indian exports and significant reductions in duties on Scotch, automobiles, and British medical devices. It is projected to boost trade by 39% over time. Key concessions include duty cuts on Scotch (from 150% to 40% over 10 years), and automotive tariffs reduced to 10% over 15 years. India gains substantial access for labour-intensive exports like textiles, footwear, and food products. Social security coordination under the Double Contributions Convention will reduce financial burden for temporary workers. While the UK secured procurement access a
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