logo
appgoogle
CommodityWireUK steel curbs delaying rollout of free trade agreement, says commerce secretary

UK steel curbs delaying rollout of free trade agreement, says commerce secretary

This story was originally published at 19:29 IST on 15 May 2026
Register to read our real-time news.

Informist, Friday, May 15, 2026

 

NEW DELHI – The rollout of India's trade deal with the UK is facing a delay because of Britain's new curbs on steel imports, Commerce Secretary Rajesh Agrawal said Friday. The India-UK Comprehensive Economic and Trade Agreement, signed in July, was expected to be operationalised in May.

 

"On India-UK FTA (free trade agreement), I think we are very near to operationalising that. There are a few sticking points," Agrawal told a press conference. Starting Jul. 1, the UK will cut quotas on steel imports by 60% and raise duties outside those quotas to 50% in an effort to shield domestic steel producers. These curbs, Agrawal said, were not factored in when the trade agreement was being negotiated.

 

"We are working together to find a unique, creative solution around the steel measure so that we can officialise the India-UK CETA at an early date," he said. Under the trade deal, the UK has committed to tariff concessions on 99% of Indian goods exports to the country. New Delhi has also offered duty cuts on 90% tariff lines.  End

 

Reported by Shubham Rana

Edited by Rajeev Pai

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.

To read more please subscribe

Share this Story:

twitterlinkedinwhatsappmaillinkprint

Related Stories

Premium Stories

Subscribe