March 24, 2023
Both countries are working towards integrating their customs and logistics portals as part of the Comprehensive Economic Partnership Agreement (CEPA)
Almost 6,944 certificates of origin were issued in February, up from 5,754 in November 2022
Exports of various goods increased on a year-on-year basis from June 2022 to February 2023
India's overall goods exports to the UAE grew by 10.4% year-on-year to US$ 23.03 billion in June 2022-February 2023
India might achieve a record-high export value of US$ 32 billion to the UAE in the current fiscal year, according to data from government officials.
This figure is expected even while both countries are working towards integrating their customs and logistics portals to track shipments for priority entry in ports as part of the Comprehensive Economic Partnership Agreement (CEPA).
The data stated that India’s current exports to the UAE stand at approximately US$ 28.3 billion. Furthermore, almost 6,944 certificates of origin were issued in February, up from 5,754 in November 2022, as exports of various goods increased on a year-on-year basis from June 2022 to February 2023.
While India’s apparel and iron and steel exports to the UAE decreased in this period, the officials expect them to recover in the next fiscal year. India’s overall goods exports to the UAE grew by 10.4% year-on-year to US$ 23.03 billion in June 2022-February 2023, while imports increased by 12.9% to $38.95 billion.
Source: Economic Times