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India and UK race to fix steel safeguard clash before CETA starts
International
Published on 15 May 2026
UK steel limits will cut tariff free volumes by 60 percent
India and the UK are close to operationalising their trade pact, but a new British steel safeguard measure has delayed the Entry into Force of CETA. Commerce Secretary Rajesh Agrawal said the two sides are working on a “unique and creative solution” to handle the steel hurdle. The UK will cap tariff-free steel from July 1, 2026, cutting quota volumes by 60% and charging 50% tariffs above limits. India targets doubling bilateral trade to USD 112 billion by 2030.
- India-UK are near operationalising CETA despite a steel safeguard delay
- UK steel cap from July 1, 2026 cuts tariff-free quota volumes by 60%
- Imports above the cap face a 50% tariff under the new safeguard
- CETA aims for 99% of Indian exports to enter the UK duty-free
- India will cut tariffs on UK cars and whisky under the pact
- Bilateral trade is targeted to double to USD 112 billion by 2030
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times