Current Affairs - International - Discussion

The Comprehensive Economic and Trade Agreement (CETA) became operational between India and the United Kingdom to strengthen bilateral trade, investment, and professional mobility. The agreement provides zero-duty access for 99% of India's export tariff lines, benefiting sectors such as processed foods, textiles, engineering goods, leather, chemicals, and pharmaceuticals. Along with CETA, the Double Contribution Convention (DCC) exempts Indian professionals from dual social security contributions and extends the exemption period for temporary workers from three to five years. These measures are expected to boost trade, support businesses, facilitate skilled professionals, and help achieve the bilateral trade target of USD 100 billion by 2030.