India-UAE CEPA: Import duties on 90 percent of Indian products to be immediately eliminated

Exporters of textiles, engineering goods, gems and jewellery optimistic about increasing their market shares

The UAE will extend zero duty access to 90 percent of goods exported from India from the first day of implementation of the India-UAE Comprehensive Economic Partnership Agreement (CEPA), possibly in April or May this year, widening market opportunities for a large number of labor-intensive sectors including garments & textiles, gems & jewelry, engineering items, plastic products, and pharmaceuticals. The CEPA, signed by Commerce and Industry Minister Piyush Goyal and his UAE counterpart Abdulla bin Touq Al-Mari on Friday, seeks to increase bilateral trade to $100 billion in five years’ time and is likely to create an estimated 10 lakh jobs in India.

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