1 May 2022
HPJ - Became One of The First Exporter to Supply Under India-UAE Comprehensive Economic Partnership Agreement (CEPA)
The historical India-UAE Comprehensive Economic Partnership Agreement (CEPA) was signed on 18th February 2022 during the Virtual Summit in the presence of Shri Narendra Modi, Hon'ble Prime Minister of India and His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates.
The flagging off ceremony of India-UAE Comprehensive Economic Partnership Agreement (CEPA) was held today (1 May 2022) at Customs House/Cargo Complex, New Delhi International Airport.
The landmark agreement has come into force by flagging off the first three consignments of Jewellery from New Delhi to Dubai which would be getting zero duty market access.
The flagging off ceremony was presided by Commerce Secretary Shri. B.V.R. Subrahmanyam in the presence of Director General of Foreign Trade, Shri Santosh Kumar Sarangi, Shri Vipul Bansal, Joint Secretary, DoC and other senior officials from the Department of Commerce.
Shri. B.V.R. Subrahmanyam said, "The India-UAE CEPA is the first comprehensive bilateral trade agreement in a decade and it will increase the flow of goods, services, investments, technology & work opportunities for our people, bringing strong multiplier benefits across sectors such as gems & jewellery, leather, pharmaceuticals and agriculture." Shri Ashok Seth, Regional Chairman (North Region), GJEPC represented GJEPC at the event. Speaking at the event,
Colin Shah, Chairman, GJEPC said, "Congratulations to all our member exporters - Hasmukh Parekh Jewellers, Emerald Jewel Industry India Ltd, and Malabar Gold Private Ltd, who were fortunate to be part of this historic occasion. GJEPC is also proud to further facilitate this agreement by advising the Govt. of the finer details which will help the gem & jewellery exports to grow to USD 75 billion in next three years from India."
