Zero duty imports under India-UAE CEPA to cost ₹63,000 crore in revenue
GTRI says India-UAE CEPA will result in a gradual shift in import business from banks to a few private traders, and replace top suppliers with Dubai-based firms
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July 2024
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March 2022
Zero duty imports under India-UAE CEPA to cost ₹63,000 crore in revenue
According to GTRI, the zero-tariff policy under CEPA is projected to cause an annual revenue loss of ₹63,375 crore due to duty-free imports of gold and silver, based on FY2024 import levels.
India wants ADIA, Mubadala to invest in renewable and digital sectors
Bilateral trade between India and U.A.E. has witnessed tremendous growth of 20% since CEPA came into force.
India-UAE CEPA: 1st year trade up 12% to $31.3 billion
Iron and steel, apparel and clothing accessories were among the goods that did not perform as expected during the last one year.
Digital trade, government procurement covered under India-UAE CEPA
Experts warn that India's concessions to UAE may make future trade negotiations tougher.
