Due to the advantages of the free trade agreement between the two nations, an official said on Thursday that India's exports to the UAE are anticipated to reach an "all-time high" of USD 32 billion by the end of this fiscal. As part of a review of the bilateral Comprehensive Economic Partnership Agreement, the two nations also want to connect their customs and logistics portals for real-time tracking of goods for priority of entry in ports (CEPA). "India exports about USD 28.3 billion to the UAE. This year, we aim to surpass our previous record of 32 billion USD in exports," the source stated. In order to facilitate customs, India and the UAE are collaborating on integrating their logistics and customs portals, which will allow for real-time data transmission and ship tracking for priority port entrances. The trade pact, which went into effect on May 1, 2022, will probably be reviewed in May. Around 1.3 billion USD of India's exports go duty-free each mon...
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