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India has raised concerns about a significant increase in imports of silver products, platinum alloy, and dry dates from the UAE.
India is worried that the rules of the free trade agreement (FTA) with the UAE, effective since May 1, 2022, might be circumvented.
The UAE has agreed to examine India's concerns regarding compliance with rules-of-origin norms for these imports.
The UAE is India's third-largest trading partner, with $83.65 billion in bilateral trade during 2023-24.
Imports of gold and silver from the UAE rose 210%, reaching $10.7 billion in 2023-24.
India offers tariff concessions on silver and gold imports, leading to concerns about potential misuse.
India urged the UAE to designate the Indian Jewellery Exposition Centre in Dubai as a Designated Zone for better duty benefits.
Both countries discussed creating mutual recognition agreements for professionals to provide services without needing additional certifications.
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