Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Jewellery exports to UAE shine post comprehensive economic partnership agreement.

Date: 15-07-2022
Subject: Jewellery exports to UAE shine post comprehensive economic partnership agreement
Gem and jewellery exports to the United Arab Emirates (UAE) have increased since the implementation of the Comprehensive Economic Partnership Agreement (CEPA) between the two countries from May 1.

Plain gold jewellery exports surged 72% year-on-year in May to ₹1,048.40 crore and 68.65% in June to ₹1,451.58 crore.

The UAE accounts for 80% of India's plain gold jewellery exports and 20% of studded jewellery exports. The government has set an overall merchandise exports target of $45.7 billion for the gem and jewellery sector for 2022-23, up from $40 billion last fiscal.

Under the CEPA, the UAE will exempt 90% of Indian products from import duty. Bilateral trade between the two countries is expected to reach $ 100 billion within five years. As the UAE is the main gateway to West Asia and Europe, the agreement will benefit the business community in both countries.

Total gem and jewellery exports to the UAE in the June quarter grew 10.09% to ₹9,802 crore, from ₹8,904 crore a year ago.

Apart from the UAE, demand for gems and jewellery remained strong in key markets such as the US (₹28,975 crore), Hong Kong (₹17,246 crore), Belgium (₹4,646 crore) and Israel (₹2,854 crore). "Plain gold jewellery exports have been the immediate beneficiary of the India-UAE CEPA. I urge all exporters to maximise their returns and make optimum use of the benefits available through this pact," said Colin Shah, chairman, Gem & Jewellery Export Promotion Council (GJEPC).

In June, India's overall gross exports of gems and jewellery grew 21.41% year-on-year to ₹25,295.690 crore.

Overall gross exports of gems and jewellery grew 14.6% year-on-year in the April-June period to ₹7,7049.76 crore.

In June 2022, total gross exports of gold jewellery (plain and studded) grew 35.25% year-on-year to ₹5,641.28 crore.

Source Name:-Economic Times

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 16-09-2022
Notification No. 29/2022-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to decrease the Special Additional Excise Duty on production of Petroleum Crude and export of Aviation Turbine Fuel.

Date: 16-09-2022
Notification No. 30/2022-Central Excise
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022 , to decrease the Special Additional Excise Duty on Diesel.

Date: 15-09-2022
NOTIFICATION No. 79/2022-Customs (N.T.)
Electronic Duty Credit Ledger (Amendment) Regulations, 2022

Date: 15-09-2022
Notification No. 77/2022-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 15-09-2022
Notification No. 78/2022 - Customs (N.T.)
Exchange rate Notification No. 78/2022-Cus (NT) dated 15.09.2022-reg.

Date: 14-09-2022
NOTIFICATION No. 76/2022-Customs (N.T.)
Seeks to amend RoSCTL notificatio

Date: 14-09-2022
NOTIFICATION NO. 75/2022-Customs (N.T.)
Seeks to amend RoDTEP notification.

Date: 08-09-2022
Notification No. 49/2022-Customs
Seeks to amend Second Schedule to the Customs Tariff Act to prescribe export duty on specified Rice products.

Date: 07-09-2022
Notification No. 47/2022-Customs
Seeks to amend notification No. 56/2000-Customs, dated the 5th May, 2000 to apply IGCR Rules with effect from 01.10.2022

Date: 07-09-2022
Notification No. 48/2022-Customs
Seeks to amend notification No. 57/2000-Customs, dated the 8th May, 2000 to apply IGCR Rules with effect from 01.10.2022

Exim Guru Copyright © 1999-2022 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001