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Gems, jewellery exports stay almost flat despite 44% decline in exports to US

Bhansali said the Free Trade Agreements with the UAE and Australia had come at a crucial time for the industry. “Recent FTAs with the UK, Oman, New Zealand and others will further enhance competitiveness by reducing duties and easing trade barriers. With the Government of India currently negotiating multiple trade agreements, we are confident these will open new markets and strengthen India’s position globally on quality, value and trust.”.

Exports to the US declined 50.44% year on year in December 2025, reflecting tariff-related pressures and subdued discretionary demand (PIXABAY)

Exports to the US declined 50.44% year on year in December 2025, reflecting tariff-related pressures and subdued discretionary demand (PIXABAY)

Credit: Hindustantimes

Key Highlights

  • Bhansali said the Free Trade Agreements with the UAE and Australia had come at a crucial time for the industry.
  • “Recent FTAs with the UK, Oman, New Zealand and others will further enhance competitiveness by reducing duties and easing trade barriers.
  • With the Government of India currently negotiating multiple trade agreements, we are confident these will open new markets and strengthen India’s position globally on quality, value and trust.”.
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Sources

  1. Gems, jewellery exports stay almost flat despite 44% decline in exports to US

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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