Consider the following statements regarding the India-UK Comprehensive Economic and Trade Agreement (CETA):
1. It eliminates tariffs on 99% of Indian exports to the UK.
2. It includes a Double Contribution Convention that permanently exempts Indian professionals from paying income tax in the UK.
Which of the statements given above is/are correct?

Question

Accepted Answer

A: 1 only — Statement 1 is correct as CETA eliminates tariffs on 99% of Indian exports. Statement 2 is incorrect because the Double Contribution Convention exempts professionals from social security contributions for up to three years, not income tax permanently.

Conclusion of India-UK Comprehensive Economic and Trade Agreement

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