GJ Town India

GJ exports grew by 33% during the June-Aug 2022 The India-UAE Comprehensive Economic Partnership Agreement (CEPA) which came into effect on the 1st of May 2022 is already creating a significant positive impact on India-UAE trade. Indian exports to the UAE, excluding petroleum products grew from US$ 5.17 billion during June-August 2021 to US$ 5.92 billion,  during June-August 2022, which denotes an increase of 14%. In the row Gem & jewellery (GJ) exports that grew by 33%. That registered exports during the June-Aug 2022 of US$ 1404.73 over the previous June-Aug 2021 of US$ 1053.33.   It is pertinent to note that India’s global non-petroleum exports during the same period (Jun-Aug 2022) grew by 3% on an annual basis. This implies the growth rate of India’s non-petroleum exports to the UAE is almost 5 times as that of India’s non-petroleum exports to the world.   Excluding petroleum related imports, Indian imports from the UAE during the same three-month period grew from US$ 5.56

90% of exports India to attract Zero Duty in UAE   India looks forward to conclude a similar  Economic partnership agreement with GCC The Union Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Piyush Goyal has termed the India UAE Comprehensive Economic Partnership Agreement (CEPA) is extremely beneficial for MSMEs, Startups, traders and all sections of businesses.  The CEPA is a balanced, fair, comprehensive & equitable partnership agreement, which will give enhanced market access for India in both goods and services. “It will create jobs for our youth, open new markets for our Startups, make our businesses more competitive & boost our economy” said Goyal.    “The finalization of the 880-page document in a record time of 88 days is a big achievement for both nations, it will boost economies of India and UAE and will usher in a new dawn for the people of the two countries” Goyal adds. Choicest key highlights are, 1: I

  India held High Level Joint Task Force virtual format   The eighth meeting of the India-UAE High Level Joint Task Force on Investments was hosted by India, in virtual format due to the ongoing Covid-19 pandemic.   The meeting was co-chaired by Shri Piyush Goyal, Minister of Railways, Commerce & Industry and Consumer Affairs and Public Distribution, Government of India and His Highness Sheikh Hamed bin Zayed Al Nahyan, Member of the Executive Council of the Emirate of Abu Dhabi, and senior officials from both countries participated in the meeting.   The two sides noted the positive outcomes achieved by the Joint Task Force and expressed satisfaction at the level of bilateral trade and investment to date. They agreed upon the need to further explore ways to facilitate investments in key Indian and UAE sectors with potential for economic growth, and to maintain their dialogue and further build on the considerable achievements of the Joint Task Force.   At this latest meetin