CvamWRITES

On July 24, 2025, India and the United Kingdom signed a historic trade deal, officially known as the Comprehensive Economic and Trade Agreement (CETA). This landmark pact, years in the making, aims to reshape the economic relationship between two of the world's largest economies, with a goal to nearly double bilateral trade to around $120 billion by 2030. The agreement is poised to create significant opportunities, reduce barriers, and deepen strategic ties. Historical Context: Building on Decades of Growing Partnership The India-UK trade relationship has deep historical roots dating back to colonial times. However, formal trade negotiations have seen mixed progress in recent decades. After India’s economic liberalization in the 1990s, trade volumes gradually increased, but tariff and non-tariff barriers remained significant obstacles to closer integration. The UK, post-Brexit, sought to strengthen bilateral ties by pursuing several trade agreements worldwide, with India becoming a...