Commerce Minister Piyush Goyal said India will not allow domestic goods to be rerouted from the UAE to the US. He clarified that while India welcomes re-exports to Asia or Africa, it will not permit indirect entry into the US market. His remarks came during the 13th India-UAE High Level Task Force on Investments.

BulletsIn

• India bans rerouting of domestic goods from UAE to US
• Move linked to US 50% tariff on Indian exports
• High tariff affects shrimp, leather, textiles sectors
• India discourages exporters from using low-tariff nations for US access
• US takes 18% share of India’s total exports
• Bilateral trade India-US valued at USD 191 billion
• Goal: double to USD 500 billion by 2030
• UAE-India FTA boosted trade to USD 83.7 billion in 2023-24
• UAE ranks 7th in FDI with USD 24 billion inflow since 2000
• Task Force since 2013 key to trade, investment cooperation