The big picture:
India has announced a new system for allocating gold import quotas from the UAE under the India–UAE Comprehensive Economic Partnership Agreement (CEPA). The quota will now be distributed via a competitive online bidding platform to enhance fairness and transparency.
What’s happening:
The move marks a modernization of trade procedures between the two nations, shifting from manual allocation to digital competition. The Directorate General of Foreign Trade (DGFT) will oversee the process, inviting qualified importers to bid for the concession-based quota.
Who’s involved:
- Government of India
- UAE gold exporters
- Directorate General of Foreign Trade (DGFT) in India
By the numbers:
- Annual quota: Up to 200 metric tonnes of gold
- Tariff concession: 1% under CEPA terms
Why it matters:
The initiative reflects how UAE–India trade ties are expanding beyond oil into commodities and value-added sectors, emphasizing digital transparency in economic cooperation and strengthening the UAE’s role as a regional bullion hub.
