India is likely to export at least 80% of its products to the UAE duty-free once the bilateral free trade pact comes into effect.
The country would be able to export textiles worth an additional $2 billion in the next two years and treble the plastics exports to the #UAE under the Comprehensive Economic Partnership Agreement (#CEPA).
The pact is aimed at increasing bilateral trade to $100 billion in the next five years, from $60 billion now. It is also expected to create a trumendouse #export opportunities from India’s gems and jewellery, textiles, engineering products, pharmaceuticals, medical devices, automobiles, leather, sports goods and furniture sectors.
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