Liberalised visa regime for India-UAE travel

A three-year visa for intra-corporate transferees, and a 90-day visa for business visitors and contractual service suppliers

PRAVASISAMWAD.COM

India and the UAE will have a liberalised visa regime for Indians, under the recently-signed India-UAE comprehensive trade pact. Commerce Secretary BVR Subrahmanyam talking to business daily Mint, said that this included a three-year visa for intra-corporate transferees, and a 90-day visa for business visitors and contractual service suppliers.

Under the FTA, business visitors will get a 90-day visa, while contractual service suppliers can get 90-day visas that are extendable. Intra-corporate transferees will be able to get three-year visas.

The pact is likely to benefit about USD 26 billion worth of Indian products that are currently subjected to 5 per cent import duty by the UAE

The UAE-India CEPA is India’s first bilateral trade agreement in the Middle East and North Africa (Mena) region. The CEPA will eventually cut all tariffs on each other’s goods and aims to increase annual trade between the two nations to USD 100 billion within five years.

The CEPA covers trade in goods, rules of origin, trade in services, technical barriers to trade, dispute settlement, telecom, customs procedures and pharmaceutical. The pact is likely to benefit about USD 26 billion worth of Indian products that are currently subjected to 5 per cent import duty by the UAE.

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