DUBAI: The UAE has been pitching for lowering of customs duty by India on gold, which has been hiked considerably in the recent past to check high gold imports.
The UAE on Monday raised the issue of India’s high gold import duty affecting its exports to the country even as the two nations agreed on a wide range of steps to boost their economic ties.
Prime Minister Narendra Modi held wide-ranging talks with the UAE leadership, both in Abu Dhabi and Dubai, after which a raft of announcements were made to strengthen economic, defence and security cooperation between the two countries.
On the last day of his two-day visit to the UAE, Prime Minister Narendra Modi on Monday met Crown Prince Mohamed Bin Zayed AI Nahyan and agreed to elevate the India-UAE relationship to a comprehensive strategic partnership.
