The UAE will extend zero duty access to 90 per cent of goods exported from India from the first day of implementation of the India-UAE Comprehensive Economic Partnership Agreement (CEPA), possibly in April or May this year, widening market opportunities for a large number of labour-intensive sectors including garments & textiles, gems & jewellery, engineering items, plastic products and pharmaceuticals. The CEPA, signed by Commerce and Industry Minister Piyush Goyal and his UAE counterpart Abdulla bin Touq Al-Mari on Friday, seeks to increase bilateral trade to $100 billion in five years time, and is likely to create an estimated 10 lakh jobs in India.
Source Business Line
