+
India signs a free trade pact for duty-free exports to the Emirates
ECONOMY & POLICY

India signs a free trade pact for duty-free exports to the Emirates

India and UAE had signed the Comprehensive Economic Partnership Agreement (CEPA) in February, which came into effect on Sunday, that allows most of India’s exports to the Emirates duty-free access.

The CEPA will be increasing the total value of bilateral trade in goods to more than $100 billion and trade in services to over $15 billion in the five years.

The commerce secretary, BVR Subrahmanyam, reportedly handed over the Certificates of Origin to three exporters from the gems and jewellery sector. The Central Board of Indirect Taxes and Customs and the Directorate General of Foreign Trade have additionally issued the relevant notifications for the operationalisation of the agreement from the beginning of this month. India stands to benefit from the preferential market access in the UAE on over 97 per cent of its tariff lines or goods, which account for 99 per cent of the country’s exports to the UAE in value terms. These are goods from the labour-intensive sectors, namely textiles, leather, footwear, sports goods, plastic, furniture and engineering products. 

Goods and services exports account for about 22-23 per cent of India's GDP. The country’s vision is to take it up to 25-30 per cent.


India and UAE had signed the Comprehensive Economic Partnership Agreement (CEPA) in February, which came into effect on Sunday, that allows most of India’s exports to the Emirates duty-free access.The CEPA will be increasing the total value of bilateral trade in goods to more than $100 billion and trade in services to over $15 billion in the five years.The commerce secretary, BVR Subrahmanyam, reportedly handed over the Certificates of Origin to three exporters from the gems and jewellery sector. The Central Board of Indirect Taxes and Customs and the Directorate General of Foreign Trade have additionally issued the relevant notifications for the operationalisation of the agreement from the beginning of this month. India stands to benefit from the preferential market access in the UAE on over 97 per cent of its tariff lines or goods, which account for 99 per cent of the country’s exports to the UAE in value terms. These are goods from the labour-intensive sectors, namely textiles, leather, footwear, sports goods, plastic, furniture and engineering products. Goods and services exports account for about 22-23 per cent of India's GDP. The country’s vision is to take it up to 25-30 per cent.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?