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Strict rules of origin in India-UAE trade pact over routing concerns

Dairy, tobacco among others excluded from India-UAE trade pact, says official

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India's Minister of Commerce and Industry, Piyush Goyal gestures as Abdulla Bin Touq Al Marri, Minister of Economy of the United Arab Emirates, (UAE) looks on during their joint news conference in New Delhi (Photo: Reuters)

Shreya Nandi New Delhi
The trade deal between India and the United Arab Emirates (UAE) has mandated stringent rules of origin conditions, with 40 per cent value addition required on exporting items to avoid routing of products manufactured in third countries to India via UAE.

In any free trade agreement (FTA), the rules of origin determine the criteria for which goods are eligible for free imports.

Under this trade deal, there will be a need for substantial processing of up to 40 per cent value addition and a certificate of origin issued by the Ministry of Economy, UAE, said government officials.

Generally, in trade

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First Published: Feb 19 2022 | 2:09 PM IST

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