The historic India-UAE Comprehensive Economic Partnership Agreement (CEPA) which was signed between the two nations has officially entered into force.

May 4, 2022

Aim:

To facilitate higher investment flows for both countries,
To ensure mutually beneficial and guarantee a maximum advantage in trade for both countries.

Benefits of India-UAE CEPA

India will benefit from preferential market access provided by the UAE, especially for all labour-intensive sectors. Such as Gems and Jewellery, Textiles, leather, footwear, sports goods, plastics, furniture, agricultural and wood products, engineering products, medical devices, and Automobiles
Both sides have also agreed to a separate Annex on Pharmaceuticals to facilitate access to Indian pharmaceuticals products, especially automatic registration and marketing authorisation in 90 days for products meeting specified criteria.

CEPA is expected to increase the total value of bilateral trade in goods to over US$100 billion and trade in services to over US$15 billion within five years