India-UK FTA Implementation and Social Security Savings

Published

The India-UK Comprehensive Economic and Trade Agreement (CETA) is officially scheduled to launch on July 15, 2026, following extensive negotiations to protect India’s core sectors. Due to these strategic trade rebalancing efforts, 85% of Indian steel exports have been successfully insulated from the UK’s recent tariff restrictions. Alongside the main trade pact, both nations finalized the highly anticipated Double Contribution Convention (DCC). This reciprocal agreement ensures that moving professionals are exempt from paying double social security taxes in both jurisdictions. The UK further extended this social security contribution exemption for Indian professionals by an additional two years beyond the initial timeframe. This crucial extension will directly benefit around 75,000 Indian workers, mostly IT professionals, and 900 businesses, yielding massive savings of $500 million annually ($1 billion total).

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