The bilateral trade in goods is projected to increase from the current $60 billion to $100 billion annually within five years of the implementation of the India-UAE free trade agreement, Parliament was informed on Wednesday.
The domestic jewellery sector will get a huge export boost in the United Arab Emirates (UAE) market as it would get duty-free access there. Get more India News and Business News on Zee Business.
All that Glitters! Gold bars, jewellery get duty cuts under India-UAE FTA - On India s side, the big gain is Indian jewellery gets zero duty access to the UAE market.
The Comprehensive Economic Partnership Agreement (CEPA) signed between India and the United Arab Emirates on Friday will lead to opening doors to new opportunities for trade and investments between the two countries and benefit small and medium enterprises (SMEs) and startups, industry body FICCI said on Saturday.