Thursday, November 21, 2024
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India seeks review of surge in precious metal exports from UAE

Concerns over compliance with rules of origin norms were flagged during a meeting on Monday

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NEW DELHI: India has urged the UAE to review the sharp spike in exports of silver, platinum alloy, and dry dates under the Comprehensive Economic Partnership Agreement (CEPA) signed in 2022, as concerns over compliance with the rules of origin norms were flagged during a Joint Committee meeting on Monday.

Officials from both nations discussed the rapid growth in bilateral trade, with India pressing for stricter checks on UAE’s export practices. The UAE, in turn, has agreed to examine the concerns, offering to verify the adherence to trade protocols that form the foundation of CEPA.

This way, you centre the angle around India pushing for compliance checks post-CEPA, underscoring the importance of fair trade practices amid growing concerns from Indian industries.

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