UK-India CETA: draft explanatory memorandum
The memorandum describes the general effect of the UK-India Comprehensive Economic and Trade Agreement (CETA) as well as its financial, legal and policy implications.
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The explanatory memorandum is a document presented to Parliament that provides an explanation of the general effect of the UK-India Comprehensive Economic and Trade Agreement (CETA).
The explanatory memorandum can be an invaluable means for understanding why the trade agreement was enacted, what it was designed to achieve, and what it actually means.
The agreement is not yet in force. Both the UK and India are required to complete their respective domestic procedures for the agreement to come into effect. Once ratified by both countries, businesses will be able to trade under its terms.