India-UK CETA kicks in July 15: zero duty on textiles, leather, footwear opens £-shaped runway
From July 15, UK tariffs collapse to zero on Indian textiles (from 12%), leather/footwear (16%) and processed food (up to 70%), with 99% of exports going duty-free. Apparel and footwear exporters now match Bangladesh and LDC access, eyeing UK share gains as bilateral trade targets $100B by 2030 from $25.12B in FY26.
What happened
India-UK CETA takes effect July 15, eliminating UK tariffs on Indian textiles, footwear, leather, processed food and engineering goods, levelling field against
Key facts
- 70% tariff on processed food to zero
- 16% on leather/footwear to zero
- 12% on textiles/clothing to zero
- 99% of exports duty-free
- $25.12B bilateral trade FY26
- $13.44B India exports to UK
- $100B target by 2030
Why this matters
Scout UK-facing Indian textile, footwear and processed food platforms now—pre-CETA valuations under-price the duty-free re-rating and channel partnerships will consolidate fast post-July 15.
Also reported by
- The Hindu BusinessLine — Same time