New Delhi: The details of the deal unveiled on Sunday during commerce & industry minister Piyush Goyal’s visit to the Emirates showed that India will lower tariffs on all but 1,157 items, or 9.7% of the products, while UAE will exclude 0.7% of the goods from the trade agreement.
Starting May, India intends to remove import duty on almost two-thirds of its products under the Comprehensive Economic Partnership Agreement (CEPA) with the UAE. In contrast, its trade partner will immediately lower tariffs on over 80% of the goods.
This story is from the March 28, 2022 edition of The Times of India Delhi.
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This story is from the March 28, 2022 edition of The Times of India Delhi.
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