The United Arab Emirates has agreed to investigate issues raised by India regarding a significant rise in its exports of silver, platinum alloy and dry dates to the South Asian nation, according to a statement from India on Tuesday.
The UAE and India established a Comprehensive Economic Partnership Agreement (CEPA) in 2022, following 88 days of negotiations. This agreement has since served as a model for similar trade pacts that the UAE has formed with other countries. The two nations recently held a Joint Committee meeting under CEPA, where officials discussed the growth in bilateral trade.
India expressed concerns about the increased imports of silver products, platinum alloy, and dry dates, urging the UAE to verify compliance with rules of origin norms to ensure that these regulations are not being circumvented. In response, the UAE has agreed to examine these concerns.
Reports from Reuters last month indicated that Indian and Emirati officials were set to review their trade agreement due to worries from the Indian industry over the surge in imports of precious metals from the UAE.
