India-UK Trade Pact Boosts Processed Food Export Potential

• India and the UK implemented a Comprehensive Economic and Trade Agreement (CETA) on July 15.
• India's processed food exports to the UK currently account for only 0.6% of the UK's annual imports, valued at USD 50.68 billion.
• The CETA removes tariffs on processed foods, shrimp, and instant coffee.
• The Trade Promotion Council of India (TPCI) highlights the potential for growth in these sectors.
• The agreement aims to boost trade and investment ties between the two countries.