Piyush Goyal says India-UK free trade agreement big win for farmers
Union Commerce Minister Piyush Goyal
has said that the
India-UK free trade agreement is massive win for farmers ensuring duty-free exports on nearly 95 per cent of agricultural products, while fisherfolk gain from zero duty on 99 per cent of marine exports, boosting their incomes.
Duty-free access for about 99 per cent of Indian exports unlocks nearly $23 billion in opportunities for labour-intensive sectors, marking a new era for inclusive and gender-equitable growth.
Adding that Artisans, weavers, and daily-wage labourers employed in several MSMEs across textiles, leather, footwear, gems and jewellery, toys, and marine products will step into a new phase of prosperity. From village looms to tech labs, this FTA marks a historic leap for women through improved access to finance and deeper integration into global value chains.
He continued that the deal will also have a transformative impact on manufacturing-intensive sectors like engineering goods, electronics, pharma, chemicals, food processing, and plastics. This agreement will also provide Indian consumers high quality goods at competitive prices.-India’s talent in IT, services, and education will gain from easier access to the UK’s high-value markets. The three-year exemption from social security contributions in UK as part of the Double Contribution Convention is a significant breakthrough for Indian workers and their employers. He further went in to say that Chefs, yoga instructors, musicians and business visitors will benefit, advancing our vision to be a global talent hub.
News Edit KV Raman
