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India and the UK are moving closer to operationalising the Comprehensive Economic and Trade Agreement, but a fresh steel safeguard measure from Britain has become a key hurdle. Officials from both sides are now working on a “unique and creative solution” to address concerns around steel imports and keep the trade pact on track.
The agreement, signed on July 24, 2025, is expected to give duty-free access to 99% of Indian exports entering the UK, while India will lower tariffs on select British products such as cars and whisky. However, from July 1, 2026, the UK plans to reduce tariff-free steel import quota volumes by 60%, with imports above the quota facing a 50% tariff.
For India’s steel sector, the issue is significant as iron, steel and related exports to the UK stood at $893.4 million in 2025-26. A timely resolution could support smoother trade flows and improve market confidence.
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