Bharat Mart, AI & Gold: The Evolving Face of UAE-India Trade

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Also read :Bharat Mart, AI & Gold: The Evolving Face of UAE-India Trade

Also read :UAE Mediation Efforts Succeed with New Exchange of 350 Captives Between Russia and Ukraine

The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and India has already reshaped trade dynamics between the two nations — but where is it headed next?

One key shift came in July 2024, when silver imports under CEPA, once tariff-advantaged, became costlier due to an 8 percent duty, compared to a new standard rate of 6 percent. “As a result, silver imports from the UAE under CEPA completely stopped after July 2024, resolving earlier concerns about inflated import volumes,” Mohan told AGBI.

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While silver lost its edge, gold saw a surge. Analysts attribute this to improved trading technologies and India’s domestic initiatives to support gold inflows. As a major global gold trading hub, the UAE continues to attract refineries and dealers thanks to its low taxes, regulatory flexibility, and geographic proximity to Asia.

Looking ahead, CEPA is set to broaden its scope to include eight additional sectors, from artificial intelligence and digital technology to financial services. The ambitious aim: to boost bilateral trade to $100 billion annually.

Also read :UAE Economy Poised for Strong Growth Amid Gulf Capital Gains

Flagship projects like the upcoming Bharat Mart in Dubai — a one-stop export hub for Indian manufacturers — signal a deepening economic partnership. With both countries investing in shared growth, CEPA's next chapter may be its most transformative yet.

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