The India-UAE Comprehensive Economic Partnership Agreement (CEPA) has opened up new avenues for Indian exporters, providing duty-free access to the UAE market. This has significantly boosted trade between the two countries, making the UAE a highly attractive destination for Indian products.

Top Indian Exports to the UAE

• Pearls, Precious Stones, Metals, Coins: India’s exports in this category reached $7.58 billion in 2023.
• Mineral Fuels, Oils, Distillation Products: Exports in this sector amounted to $7.46 billion.
• Electrical and Electronic Equipment: India exported $3.62 billion worth of electrical and electronic equipment to the UAE in 2023.
• Machinery, Nuclear Reactors, Boilers: Exports in this category totaled $1.29 billion.
• Ships, Boats, and Floating Structures: India exported $1.05 billion worth of these products to the UAE.

India-UAE Trade Overview

• India is the UAE’s second-largest trading partner, accounting for 9% of its total foreign trade and 14% of non-oil exports.
• Bilateral trade between India and the UAE reached $84.84 billion in FY23.
• The UAE is India’s third-largest trade partner and second-largest export destination.
• India’s non-oil trade with the UAE is projected to exceed $100 billion in the next five years.
• The UAE is the seventh-largest investor in India, with FDI inflows of $16.67 billion between April 2000 and September 2023.
• Over 3.5 million Indians reside in the UAE, forming the largest expatriate community.

Essential Documents for Exporting to the UAE

Importer Exporter Code (IEC): A 10-digit number issued by the DGFT, required for all imports and exports.

Documents for IEC Registration:

• Digital Signature Token
• PAN card
• Aadhaar card (matching PAN details)
• Branch office address details
• Bank details

1. Commercial Invoice and Packing List: These documents provide details about the goods being exported.
2. Proforma Invoice: A preliminary bill outlining the terms of sale.
3. Bill of Lading: A document issued by the carrier, serving as a receipt, title document, and evidence of the carriage contract.
4. Certificate of Origin: Certifies that the goods originate from India.
5. Certificate of Inspection (if applicable): Verifies that the goods meet the required specifications.
6. Other Product-Specific Documents: Additional documentation may be required based on the nature of the goods.

By understanding the key requirements and leveraging the opportunities offered by the India-UAE CEPA, Indian exporters can successfully tap into the UAE market and expand their businesses.

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