India-UAE FTA Talks: Market access, gold quota and data sharing reviewed under CEPA

Why in news

India and the UAE held a joint CEPA committee meeting to review market access, gold import quotas, and data sharing under the Comprehensive Economic Partnership Agreement (CEPA).

Background

Bilateral trade between India and the UAE reached $100 billion in 2024-25. The two nations aim to achieve $100 billion in non-oil and non-precious metal trade by 2030.

Facts for Prelims

• FactBilateral trade between India and UAE reached $100 billion in 2024-25
• FactTarget for non-oil and non-precious metal trade by 2030 is $100 billion
• PlaceUAE Ministry of Climate Change and Environment is the counterpart for food safety and certificates of origin
• FactIndia allocates gold TRQ (Tariff Rate Quota) through a competitive bidding process

For Mains

Q. Examine how Comprehensive Economic Partnership Agreements (CEPAs) can be leveraged to diversify India's trade basket beyond traditional commodities like oil and precious metals.

Dimensions to cover in your answer

• Trade diversification: Shifting focus toward non-oil and non-precious metal sectors to ensure economic resilience
• Regulatory alignment: Harmonizing food safety standards and certificates of origin to reduce non-tariff barriers
• Market access dynamics: Balancing domestic gold import quotas with bilateral trade expansion goals

Keywords: Tariff Rate Quota · Non-tariff barriers · Trade diversification · Regulatory cooperation

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