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India boosts UK trade talks under CETA and explores local currency settlement with Tanzania
Business
Published on 6 May 2026
Local currency settlement could reshape payments with Tanzania
India is deepening trade and investment ties with the UK by focusing on how to maximize gains under the Comprehensive Economic and Trade Agreement. In parallel, India and Tanzania are exploring trade settlement in local currencies, aiming to make cross-border commerce easier and expand bilateral economic cooperation. Both sides also discussed collaboration in areas like mining and digital services.
- India and the UK discussed boosting benefits from CETA
- India and Tanzania explored local currency trade settlements
- The moves aim to strengthen bilateral economic ties
- Mining and digital services were among key collaboration areas
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times