UAE trade deal: India to reduce import duty on metals, dates, oil
The Times of India Delhi|March 28, 2022
India is set to lower import duty on dates, metals, cement, cooking gas and crude oil from the UAE as part of the free trade agreement (FTA) that is expected to be implemented from May.
UAE trade deal: India to reduce import duty on metals, dates, oil

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.

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