India negotiating free trade agreement with UAE

India
Published:  31 August, 2021

A free trade agreement (FTA) between India and the UAE is currently in negotiations and would mean a reduction or elimination of customs duties on traded goods including leather.

According to exporters, the FTA would mean increased exports of leather goods as well as gems and jewellery, engineering and chemicals to the UAE, currently India’s third largest trading partner.

Sanjay Leekha, Charman of the Council for Leather Exports (CLE), said: “We have lots of commonalities. Huge potential for exports in areas like footwear, and leather goods. The FTA will help us in enhancing competitiveness.”

Leekha added that the export of leather, leather products and footwear from India to the UAE was worth US$170 million during fiscal 2019-20.