ECONOMYINDIA

FTA Set to Boost India’s Share in UK’s Food & Marine Imports Beyond 2%

Shrimp
The UK’s $37.5 billion agriculture market opens up for Indian farmers.

Under the India-UK Free Trade Agreement (CETA), Indian exports of agricultural, marine, and processed foods will receive zero-duty access. This applies to 95% of tariff lines.

India currently accounts for just over 2% of the UK’s food and marine imports. However, it aims to increase this share significantly.

The deal covers duty-free access for Indian fruits, vegetables, pulses, cereals, spice mixes, ready-to-eat meals, mango pulp, and pickles. This is expected to raise agricultural exports by 20% in three years.

Shrimp and marine product exports are set to rise, as earlier UK tariffs of 4.2% to 8.5% will now be removed. India’s marine export share in the UK is currently 2.25%.

The UK’s $37.5 billion agriculture market opens up for Indian farmers. Sensitive sectors like dairy, apples, and cooking oils are protected.

UK tariffs on Indian processed foods, earlier as high as 70%, will now drop to zero. This change benefits food exporters and rural India.

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