PM Modi Hails India–UK Trade Pact as a Game-Changer for Farmers, Fishermen and Small Businesses

The Prime Minister shares an article highlighting the benefits of the landmark India–UK CETA; says it will boost livelihoods, lower prices, and expand market access

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New Delhi (EconomyIndia): Prime Minister Narendra Modi has called the recently signed India–UK Comprehensive Economic and Trade Agreement (CETA) a “landmark” pact that will empower India’s farmers, fishermen, artisans, and small businesses, while delivering better quality and affordable products to everyday consumers.

Sharing an article explaining the impact of the agreement, PM Modi posted on social media platform X (formerly Twitter):

“The landmark India-UK Comprehensive Economic and Trade Agreement will empower Indian farmers, fishermen, artisans and small businesses, while ensuring quality products at better prices for everyday.”

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📢 PMO Highlights Minister Goyal’s Statement

The Prime Minister’s Office (PMO) also amplified a post by Union Commerce and Industry Minister Piyush Goyal, who detailed how the trade deal would open up new opportunities for Indian producers and exporters. The PMO reposted:

“Union Minister Shri @PiyushGoyal explains how the landmark India–UK Comprehensive Economic and Trade Agreement will empower Indian farmers, fishermen, artisans and small businesses, while ensuring quality products at better prices for everyday consumers.”

This endorsement reinforces the government’s message that CETA is not just a geopolitical win but a grassroots economic tool aimed at inclusive growth.

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📦 Benefits of the India–UK CETA

The India–UK CETA, signed during PM Modi’s visit to London earlier this week, is one of the most comprehensive trade deals signed by India. Some key benefits include:

• Zero-duty access for Indian agricultural, marine, textile, and handicraft exports to the UK market.
• Simplified customs procedures and mutual recognition of standards, especially in food and pharma.
• Tariff reduction on key UK imports, ensuring lower prices for Indian consumers.
• Increased investment and technology transfer in agri-processing and sustainable fisheries.
• Dedicated support for MSMEs, particularly from rural India, to expand global reach.

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📈 Strategic Importance

The agreement is expected to boost bilateral trade to over $120 billion by 2030, significantly reducing trade barriers in both goods and services. It is also aligned with India’s broader goals under ‘Atmanirbhar Bharat’ and ‘Make in India’, helping local producers access lucrative foreign markets.

In particular, the CETA offers a level playing field for:

• Farmers exporting spices, grains, and fresh produce
• Fishermen supplying seafood to UK retailers
• Artisans and weavers of handlooms and handicrafts
• MSMEs producing processed foods, organic goods, and natural fibers

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🌍 A Win for Both Nations

The UK, in return, gains from:

• Improved market access in India for premium goods like scotch whisky and luxury automobiles (under quotas).
• More room for financial and legal services, and digital technology collaboration.
• Stronger cooperation in sustainability, innovation, and education exchange.

The agreement is seen as a post-Brexit milestone for the UK and a validation of India’s global trade vision.

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🗣️ Political and Public Response

The trade pact has received widespread support from business leaders, farmer associations, and export councils. Analysts suggest it could add millions of new jobs in the agri-export and MSME sectors, with a special focus on rural and coastal economies.

Opposition leaders have also welcomed the move but urged the government to ensure domestic market protections and fair trade enforcement.

(Economy India)

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