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UAE-India economic agreement to lower tariffs, duties in bid to boost trade

India is one of the UAE’s largest trading partners, with oil, jewelry and textiles forming a bulk of the trade.
LOIC VENANCE/AFP via Getty Images

An economic agreement between the United Arab Emirates and India will soon boost bilateral trade. 

The UAE-India Comprehensive Economic Partnership Agreement, signed in February, will come into effect May 1. The deal reduces numerous tariffs and duties affecting trade between the two countries. The following are some key highlights from the agreement, per the UAE Ministry of Economy and the Mumbai-based Economics Law Practice:

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