India and Britain launch comprehensive trade pact

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The India-Britain Comprehensive Economic and Trade Agreement (CETA) and the Agreement on Social Security (DCC) enter into force on July 15, activating a broad economic architecture aimed at doubling bilateral trade from $56 billion to $112 billion by 2030. The deal provides duty-free access for 99% of India's exports and establishes enforceable governance norms across digital trade, intellectual property and services, while the Britain-India Technology Security Initiative (TSI) and Vision 2035 commit both countries to co-develop AI, quantum, semiconductors and other advanced technologies. The pact also covers defense R&D, clean energy cooperation, and major agricultural tariff cuts, and served as a template for a later India-EU FTA.

CETA enters into force and targets $112 billion bilateral trade by 2030