Indian Economy News

India-UAE CEPA driving strong trade growth, opening new opportunities

The India-UAE Comprehensive Economic Partnership Agreement (CEPA) has emerged as a key driver of robust trade growth between India and the United Arab Emirates, according to Union Commerce and Industry Minister Mr. Piyush Goyal. Four years after its implementation, the agreement has significantly strengthened bilateral economic ties across multiple sectors. Further in the statement, it was noted that CEPA has created transformational opportunities for Indian farmers, MSMEs and businesses by enabling better market access and trade facilitation. The agreement has helped accelerate merchandise trade, which has crossed Rs. 9.27 lakh crore (US$ 100 billion), reflecting strong momentum and deepening economic engagement between the two countries.

In addition to merchandise trade, services trade between the two nations has also witnessed steady growth, opening new avenues for Indian companies to expand globally and enhance value creation. Key sectors such as gems and jewellery, engineering goods, electronics and agriculture have particularly benefited, contributing to stronger export performance and investment flows. The CEPA framework has also supported increased foreign direct investment and strengthened overall economic linkages, positioning the UAE as a strategic trade partner for India. The agreement continues to unlock new business opportunities, reinforcing India’s global trade ambitions and supporting inclusive growth across sectors.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.