India-UK CETA live July 15: 99% of exports go tariff-free, Scotch duty halved, auto cut to 10%
The India-UK Comprehensive Economic and Trade Agreement takes effect July 15, zeroing duties on 99% of Indian exports including textiles, leather, footwear and processed food. Scotch whisky tariffs halve to 75% (40% by 2035) and UK auto duties drop from 110% to 10% over five years, reshaping retail import economics.
What happened
India-UK CETA takes effect July 15, eliminating tariffs on 99% of Indian exports including textiles, leather, footwear and processed food, while halving Scotch
Key facts
- 99% tariff-free exports
- 70% on processed food to zero
- 12% on textiles to zero
- 16% on leather/footwear to zero
- Scotch tariff halved to 75%, then 40% by 2035
- auto duties 110% to 10% over 5 years
- 75,000 professionals
- 900 companies
Why this matters
Scout acquisitions or JVs in Indian textile, leather and processed-food exporters now to lock in tariff-free UK access before competitive bidding compresses multiples.