NEW DELHI, June 26 (ANI) — With the India-UK Comprehensive Economic and Trade Agreement (CETA) and the Double Contribution Convention (DCC) set to take effect on July 15, 2026, both countries will continue to promote innovation, investment, and inclusive economic growth, Union Commerce Minister Piyush Goyal said.
Posting on X, Goyal shared details of his meeting in London with Peter Kyle, the UK’s Secretary of State and Labour MP for Hove & Portslade, following the signing of the India-UK CETA.
“Meaningful discussions with my friend and counterpart Mr. @PeterKyle in London as we explored new opportunities to deepen India-UK economic and trade cooperation,” Goyal wrote.
Highlighting the significance of the two agreements, Goyal said, “With the India-UK Comprehensive Economic and Trade Agreement (CETA) and Double Contribution Convention (DCC) coming into effect on July 15, 2026, we remain committed to fostering an ecosystem that promotes innovation, investment, and holistic growth for both nations.”
The India-UK CETA is designed to boost bilateral trade, expand market access, and strengthen cooperation in goods and services. The Double Contribution Convention is expected to facilitate business and trade by ensuring that employees moving between India and the United Kingdom, along with their employers, are required to pay social security contributions in only one country at a time.
The agreement also allows employees on temporary assignments abroad to continue contributing to the social security system of their home country, preventing interruptions or fragmentation of their social security benefits and contribution records.
The DCC is a form of Social Security Agreement (SSA) that coordinates the payment of social security contributions between two countries. It does not affect eligibility for social security benefits, such as the State Pension, nor does it alter existing rules governing access to those benefits.
The convention includes provisions for “detached workers,” allowing employees temporarily posted abroad to continue paying social security contributions exclusively into their home country’s system for a specified maximum period.
Once the agreement comes into effect, there will be no double social security contributions, and the current 52-week exemption period for detached workers will be extended on a reciprocal basis to 60 months. (ANI)
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