Why Boards, CEOs and Business Leaders Must Look Beyond Tariffs
With effect from 15 July 2026, the India-UK Comprehensive Economic and Trade Agreement (CETA) and the accompanying Double Contributions Convention (DCC) have entered into force, marking a material reset of the bilateral trade and commercial framework. India will remove or reduce tariffs on 90% of tariff lines, covering 92% of existing goods imports from the United Kingdom, with 64% of tariff lines receiving tariff-free treatment at entry into force and 85% becoming eligible for tariff-free entry after staging. The United Kingdom has, in turn, liberalized tariffs across almost all qualifying Indian exports. The agreement extends well beyond goods to services, digital trade, business mobility, government procurement, customs facilitation, regulatory cooperation, and intellectual property.