The Indo-UAE CEPA to strengthen business ties!
India’s Jewellery Exports to Surge USD 10 billion, The CEPA will fast-track India reaching $50 billion in 2022-23 The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of gem and jewellery trade in India, applauded the historical India-UAE Comprehensive Economic Partnership Agreement (CEPA), as the sector will be benefited the most by this strategic pact. Import duty on Jewellery exported to UAE from India is reduced from 5 to 0%. And import into India from UAE upto 120 tonnes of gold will be allowed at 1% duty less than the applicable duty in the 1st year and will increase to 200 tonnes in 5 years. Talking about the India-UAE CEPA, Colin Shah, Chairman, GJEPC, said, “The Indo-UAE CEPA will strengthen business ties with one of the biggest buyers of Indian jewellery. This bold vision of Hon'ble Prime Minister Shri Narendra Modi will transform India’s economic relations with the entire Gulf region and beyond, and will also reinvigorate Indian plain go