Last Updated on June 25, 2026 11:51 pm by INDIAN AWAAZ
BIZ DESK
The upcoming India-UK Comprehensive Economic and Trade Agreement (CETA) will serve as a major force multiplier for the global economy, Commerce and Industry Minister Piyush Goyal announced today.
Speaking at the India Global Forum (IGF) UK-India Week in London, Goyal highlighted that the Free Trade Agreement (FTA) stands as the most comprehensive trade deal India has signed to date.
Key Takeaways:
- July 15 Implementation: Minister Goyal is currently on a three-day visit to the UK to review final preparations before the historic agreement officially enters into force on July 15.
- Global Value Chains: The pact is designed to deeply integrate both nations into global supply chains, unlocking fresh avenues for economic cooperation and bilateral growth.
- Expanding Beyond Trade: Goyal noted that India and the UK are steadily scaling up cooperation in strategic sectors, specifically highlighting defence and critical minerals.
- Shared Geopolitical Goals: Beyond economics, the Minister emphasized a mutual commitment to combating terrorism and fostering global peace, stability, and prosperity.
Goyal is currently on an official visit to London from June 25 to June 27 as part of efforts to finalise preparations ahead of the implementation of the India-UK Comprehensive Economic and Trade Agreement and the Double Contribution Convention (DCC). Both agreements are scheduled to come into force on July 15, 2026.
The India-UK CETA is expected to play a key role in strengthening bilateral economic cooperation by facilitating trade and investment flows and enhancing collaboration in areas of mutual interest.
During his interaction at the India Global Forum event, Goyal underlined the potential of the agreement to create fresh opportunities for businesses on both sides and support long-term economic growth. He said the trade deal would help build stronger partnerships between Indian and British businesses while encouraging innovation and investment across sectors.