India, UAE working together on value addition in gold, gold products

India’s Commerce and Industry Minister, Piyush Goyal, has said the country is looking at ways of expanding its trade in value-added gold products with the UAE, a current major gold supplier to India. India has already offered certain duty concessions on UAE gold under a free trade agreement, and now the two countries are looking to build on this partnership further, Goyal added. India is hoping UAE exporters will ship the specified quantity of gold and benefit the Indian gold jewellery sector.

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