Home breadcru News breadcru Regulations breadcru  | One year of India-UAE trade pact; no sign of boost to apparel exports

Prime Content | 
One year of India-UAE trade pact; no sign of boost to apparel exports

22 Feb '23
1 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • India and the United Arab Emirates (UAE) had signed the Comprehensive Economic Partnership Agreement (CEPA) one year ago on February 18, 2022. Subsequently, the agreement came into effect on May 1. However, India's apparel exports to the gulf nation have not seen a major boost. In fact, India's exports in 2022 are unlikely to touch the **** level.

According to Fibre2Fashion’s market insight tool TexPro, India’s apparel export to the UAE was valued at $*,***.*** million in January-November ****. The total shipment for the full year **** is unlikely to cross the export figure of $*,***.*** million in the preceding year.

The trade data shows that apparel shipment slipped to $*,***.*** million in **** from $*,***.*** million of ****. But it recovered sharply in following year ****.

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!