The representative added. A continuous rise in the quantity of Certificates of Origin (CoO) issued to Indian exporters as a result of the India-UAE Comprehensive Economic Partnership Agreement (CEPA), which took effect on May 1, portends higher shipments in the coming months. For bilateral FTAs, CoOs are required in order to claim duty reductions, and they could take some time before actual shipments happen. Exporters received as many as 6,057 certificates of origin in January, a substantial increase from 415 in May. The person stated that technical teams are working on the procedures and that the central banks of both nations are exploring the potential of rupee-dirham exchange. He said nothing further.
Technology, Engineering, and unseen categories. India contributed USD 20.5 billion of the USD 260 billion global Technical Textiles industry in 2020. In 2021, the technical textiles sector’s domestic exports totaled USD 2.8 billion, compared to USD 126 billion globally.
