UAE President India Visit: President of the United Arab Emirates (UAE) Sheikh Mohammed bin Zayed Al Nahyan is going to come to Delhi on Monday. It is expected that his visit will further strengthen the relationship between India and the United Arab Emirates (UAE).

The friendship between India and UAE is very deep. In the past few years, both the countries together have taken many important steps regarding strategic partnership in many different areas like trade, investment, technology, energy, education and culture, connectivity.

What is CEPA?

The Comprehensive Economic Partnership Agreement (CEPA) signed in 2022 is an example of this. CEPA is a comprehensive trade agreement between two or more countries, which is not limited to just trade in goods, but also includes exchange of services, intelligence, investment. Under this agreement, either the tariff is reduced or the tariff is removed completely.

This obviously promotes exports. In the first six months of 2025, trade between the two countries in all categories except oil reached $37.6 billion, which is 34 percent more than a year ago. Both India and UAE are aiming to take non-oil business to $100 billion by 2030.

UAE is India’s seventh largest investor

This is the result of the CEPA agreement, due to which tariffs on thousands of goods have been reduced. This is the reason why Indian exports have got a boost in the categories of engineering, pharmaceuticals and electronics in UAE. UAE is the seventh largest investor in India. Since 2000, UAE has invested more than $22 billion in India. In recent times, with the Rupee-Dirham trade settlement and the approval of India’s UPI digital payment in the UAE, the dependence on the US dollar in trade between the two countries seems to be reducing.

defense relationship between the two

UAE supplies oil and liquefied natural gas to India. Defense and security relations between the two countries have also strengthened. In this sequence, recently Indian Army Chief General Upendra Dwivedi had met the Commander of the UAE Army. During this, both emphasized on increasing positive military cooperation, regular joint exercises and furthering bilateral defense and maritime cooperation.

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Gold Import Dubai: Bringing gold from Dubai now will not be as easy as before because the government has tightened the rules on gold imports. The Government of India has taken a big step and banned the import of gold-silver coming in the form of raw or half and powder.

Now according to the new rule, only agencies or jewelers with permits will be able to import it under the Comprehensive Economic Partnership Agreement (CEPA) between India-UAE. After the decision taken in the budget of FY 2026, the government announced this.

This was mentioned in the budget

Explain that in the budget, the government mentioned the change of HS (Harmonized System) code. The HS code is a number, which shows which ripper is being imported and which goods are being exported. In the budget, the government had said to offer HS code or tariff code for things with gold cords, silver cords or more than 99 percent.

Why was this decision taken?

The government took this decision because some people bring 99 percent pure gold from Dubai and pay less tax by putting a platinum alloy label on it. These people take advantage of low charge under the CEPA agreement between India-UAE. To prevent this, the government introduced a separate HS code for platinum. This will not allow gold to be imported as platinum, while the import of platinum will be banned under any mixture except 99 percent or more pure platinum.

Let us know that under the Indo-UAE CEPA agreement, India is allowed to import UAE with a 200 metric tonnes of gold annually with 1 percent concession. However, it is necessary to be a TRQ (tariff rate quota) license. This helps in keeping tax evasion under transparency in gold imports.

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