What Happened
New Trade Agreement Set to Boost Bilateral Trade and Economic Cooperation
The India-UK Comprehensive Economic and Trade Agreement (CETA) has come into force, removing tariffs on nearly 99% of tariff lines and opening new trade flows in various sectors. The agreement is expected to create positive momentum for air cargo flows between the two countries, particularly in high-value and time-sensitive sectors. Heathrow and Bengaluru airports are preparing for potential growth, with investments in digital infrastructure and cargo capacity. The agreement was first reported by The STAT Trade Times.