India-UK FTA: Zero Duty on Smartphones, Cables
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India's electronics exports to the UK get a boost with zero import duty on smartphones, optical fiber cables, and inverters under the new FTA.
Photograph: John Sibley/Reuters
New Delhi, Jul 24 (PTI) India's electronics sector has received a major boost, as exports of smartphones, optical fibre cables, and inverters to the United Kingdom will attract zero import duty under the Free Trade Agreement (FTA) signed on Thursday.
The India-UK FTA opens up export potential for Indian software firms, with the inclusion of IT and IT-enabled services in the list.
"Zero-duty access expected to accelerate exports of electronic products, with smartphones, optical fibre cables, and inverters set to strengthen India's foothold in the UK market," an official source said.
The India-UK FTA opens up export potential for Indian software firms, with the inclusion of IT and IT-enabled services in the list.
"Zero-duty access expected to accelerate exports of electronic products, with smartphones, optical fibre cables, and inverters set to strengthen India's foothold in the UK market," an official source said.
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