India Extends UAE Gold Import Authorisations to June 30, 2026
India has extended the tariff-rate quota for gold imports under the India-UAE trade pact until June 30, 2026, citing geopolitical uncertainties affecting global trade.
Key Points
- Extension applies to TRQ authorisations for gold imports under India-UAE trade pact.
- Granted due to geopolitical developments affecting global trade and logistics.
- Automatic application without fees or additional paperwork for importers.
- Aims to maintain stable gold imports amid international uncertainties.
Full Details
The Directorate General of Foreign Trade announced that the extension of the tariff-rate quota (TRQ) authorisations for gold imports under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) will now run until June 30, 2026, instead of the previous March 31 deadline. This decision is attributed to prevailing geopolitical developments impacting global trade and logistics, and it will be applied automatically without requiring any application or fee from importers. The move aims to ensure stable gold supplies and manage import costs amid ongoing international uncertainties, including conflicts and supply chain disruptions. India is one of the world's largest gold consumers, and this policy adjustment reflects a strategic effort to balance trade relations with the UAE while safeguarding domestic market stability.
Why It Matters
This extension could help stabilize India's gold market and strengthen trade ties with the UAE, potentially influencing global gold prices and import strategies in the region.
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