Consumer Goods from India and Scotch Whiskey from UK Movements
Accelerate under UK FTA
·
16th JETCO meeting: India and the United Kingdom held the
16th meeting of the Joint Economic and Trade Committee (JETCO) in New Delhi to review
bilateral trade, progress under CETA and priorities for future economic cooperation.
·
CETA implementation gains momentum: Both countries
welcomed the early uptake of the Comprehensive Economic and Trade Agreement (CETA),
describing it as the foundation for a deeper and broader economic partnership.
·
Early trade benefits: Indian exporters
dispatched more than 50 consignments to the UK on the day CETA entered into force,
covering smartphones, machinery, jewellery, garments,
woollen yarn, tea and coffee. Assam's distinctive Joha
rice was also exported to the UK for the first time.
·
UK exports to India: The first tariff-free
Scottish salmon shipments reached India within a fortnight. Scotch whisky entered
the Indian market at reduced tariffs, while the first cars exported under the tariff-rate
quota cleared Indian customs.
·
Annual utilisation review: Both governments
agreed to exchange data annually, beginning one year after CETA's entry into force,
to assess the use of preferential tariffs, gather business feedback and identify
areas requiring further support.
·
Simplified implementation: The two sides
agreed to establish CETA committees and working groups, designate government contact
points and resolve implementation challenges promptly.
·
Expanded cooperation: India and the
UK will deepen collaboration in services, innovation, government procurement, science
and technology, and gender-related initiatives, supported by stronger business partnerships
and regional engagement.
·
Science and innovation: The meeting
welcomed the India–UK Science and Innovation Council and Innovation Roundtable,
which aim to connect businesses, investors and researchers and accelerate the commercialisation of new technologies.
·
Greater business engagement: Both countries
emphasised sectoral meetings, industry consultations and
high-level delegations to identify new opportunities and address trade barriers,
particularly for businesses seeking to benefit from CETA.
·
Next meeting in 2027: The 17th India–UK
JETCO meeting will take place in the United Kingdom in 2027.
[ABS News Service/13.10.2026]
1.
We, Piyush Ved Prakash Goyal, Honourable Minister of
Commerce and Industry of India, and the Rt Hon Jonathan Reynolds MP, Secretary of
State for Business, Innovation, Science and Trade of the United Kingdom, met today
in New Delhi for the 16th meeting of the India–UK Joint Economic and Trade Committee
(JETCO).
2.
This is the first JETCO since negotiations started in
January 2022 for the India–UK Comprehensive Economic and Trade Agreement (CETA).
We celebrated this landmark agreement that is already delivering for businesses
in both countries. We were clear that the CETA marks the beginning, not the end,
of our shared ambition: it is the foundation for a deeper and broader economic partnership
in the years ahead.
3.
The JETCO assumed greater significance as it coincided
with the visit of seven mayors and a combined authority leader from the North of
England. It supported a broader programme of engagement involving government, business,
universities, innovators and regional leaders from both countries, including parallel
visits by the UK's Secretaries of State for Scotland and for Environment, Food and
Rural Affairs.
4.
We welcomed the delegation from the North of England,
and recognised the contribution that states, regions and cities make to strengthening
trade, investment, innovation and people-to-people links.
5.
Our discussions reflected the growing ambition and breadth
of the India–UK partnership. We discussed the global economic outlook and progress
since CETA entered into force, and agreed priorities for the year ahead.
Locking in benefits
6.
We welcomed the speed with which businesses in both
countries have used the agreement. On the day it entered into force, Indian exporters
sent more than 50 consignments to the UK, including electronics such as smartphones,
electrical and mechanical machinery including turbojets, gold jewellery, ready-made
garments, woollen yarn, tea and coffee. The shipment of Joha rice from Assam to
the UK, makes it the first export of this distinctive regional variety to the UK.
The first Certificates of Origin under the CETA were also issued through India’s
eCoO 2.0 platform on a self-certification basis, facilitating
exporters’ access to preferential treatment from the outset. The first tariff-free
Scottish salmon reached India from the UK within a fortnight, with several thousand
kilos exported since. Scotch whisky has also entered the Indian market under reduced
tariffs, and the first cars exported under the tariff-rate quota have cleared customs
and been imported into India.
7.
We agreed that we will exchange data annually starting
one year after the date of entry into force of the CETA on how businesses are using
the agreement. This will include data on how often businesses claim CETA’s lower
tariffs, alongside business feedback on what is working well and where further support
is needed. This will give us a shared picture of priorities and show where we can
help more companies, especially small and medium-sized businesses, take advantage
of the agreement.
8.
We also agreed a plan to ensure the continued smooth
operation of CETA, including establishing its committees and working groups and
confirming government-to-government contact points for every part of the agreement.
We welcomed the close cooperation that has helped in the early resolution of issues
and asked officials to address challenges that may arise quickly.
Delivering more
for business
9.
We agreed to build on the CETA and deepen cooperation
across services, innovation, government procurement, science and technology, and
gender, with greater business to business engagement and enhanced regional partnerships,
so that the agreement delivers growth in every part of both countries.
10.
We welcomed today's meeting of the India–UK Science
and Innovation Council and the Innovation Roundtable. Such engagements connect businesses,
investors and researchers and help in the faster commercialisation of new technologies.
11.
We welcomed the strong industry engagement accompanying
the 16th JETCO and recognised the value of continued business-to-business interactions,
sectoral roundtables and stakeholder engagement in identifying opportunities and
implementation challenges.
12.
We agreed to continue drawing on feedback from businesses,
industry associations, export promotion bodies and other stakeholders to identify
and address CETA implementation issues.
13.
We agreed that visits of high-level delegations should
continue to maintain the momentum generated by this JETCO meeting.
Next JETCO Meeting
14. We agreed that
the 17th JETCO will take place in the United Kingdom in 2027.