India-UK Trade Pact Set to Zero Out Jewellery Tariffs

Indian jewellery exporters are poised to capture a larger share of the British market as the upcoming India-UK Free Trade Agreement eliminates existing import duties. By removing the current 2.5% to 4% tariff burden, the deal provides a direct competitive advantage to domestic manufacturers looking to expand their footprint in Europe.

Editorial·July 15, 2026·reads: 289

India-UK Trade Pact Set to Zero Out Jewellery Tariffs

The shift promises to reshape the export landscape for micro, small, and medium enterprises. According to Shaunak Parekh, Vice Chairman of the Gems and Jewellery Export Promotion Council, the trade pact could trigger a threefold increase in export volume within three years. Customs Commissioner Santosh Mishra confirmed that the agreement serves as a key lever to bolster the sector's international competitiveness.

Beyond tariff removal, the industry is aligning with Customs authorities to streamline trade processes and reduce bureaucratic friction. Vishwajeet Chimankar, Deputy Director at the Directorate General of Foreign Trade, characterized the agreement as a landmark development, noting that the long-term structural benefits will solidify the UK as a primary destination for Indian craftsmanship.