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EconomyPIB27 June 2026

Piyush Goyal Urges Industry to Build on India-UK CETA Momentum

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📌 Summary:

  • Commerce & Industry Minister led the India–UK "Partners in Progress" Business Plenary in London

  • Urged Indian firms to translate opportunities under the India–UK Comprehensive Economic and Trade Agreement (CETA) into sustained business growth

  • Industry priorities flagged: greater CETA awareness among MSMEs, simpler regulatory/certification procedures, stronger industry-to-industry partnerships and easier talent mobility

  • Four knowledge reports launched (by FICCI, CII, UKIBC–HSBC CETA Utilization Manual, and CareEdge on sovereign ratings)

  • Sectoral roundtables covered healthcare, advanced manufacturing, clean energy, science & technology, services and consumer goods

🎯 UPSC Relevance: GS2/GS3 — bilateral free trade agreements, India's trade diplomacy, MSME competitiveness and resilient supply chains

📝 Prelims Facts:

  • CETA = Comprehensive Economic and Trade Agreement (India–UK)

  • Plenary held in London; four knowledge reports launched

  • Reports issued by FICCI, CII, UKIBC–HSBC and CareEdge

🔑 Key Term: CETA — a comprehensive free trade agreement covering goods, services, investment and regulatory cooperation between partner economies

India-UK CETAFree Trade AgreementPiyush GoyalBilateral TradeMSME

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