India UAE Comprehensive Economic Partnership Agreement

Country / jurisdiction: India · Year: 2022 · Status: In force · Level: International · Type: Voluntary

The India-UAE Comprehensive Economic Partnership Agreement entered into force May 1, 2022.

It provides for tariff elimination for most energy products, including:

Electric motors, turbines and generators;

Mechanical equipment including pumps, appliances, and other advanced machinery;

Electric accumulators, transformers, capacitors, batteries; Motor vehicles;

Mineral ore, slag and ash;

Mineral fuels, oils and other products;

Metals and their articles e.g. iron and steel;

Semiconductors devices and photovoltaic cells;

Rules of origin and local content requirements apply, by which “Minerals and other naturally occurring substances” are considered wholly obtained or produced in the originating territory of the relevant party. All other goods relevant to the above list are considered originating provided:

i)              Non-originating materials used in the production of the good have undergone a tariff reclassification under the tariff sub-heading level of the Harmonized System; or,

ii)             The qualifying value content of the good does not exceed more than 10% of the FOB value.

Official source: https://commerce.gov.in/international-trade/trade-agreements/comprehensive-economic-partnership-agreement-between-the-government-of-the-republic-of-india-and-the-government-of-the-united-arab-emirates-uae/