Two years of India-UAE CEPA celebrated in Dubai
As the Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE marks its third anniversary, its influence extends far beyond trade figures, shaping economic and business landscapes in both nations. Launched in May 2022, CEPA has become a pivotal framework not only for increasing trade but also for fostering deeper bilateral cooperation.
The recent establishment of the CEPA Council at the Vibrant Gujarat Summit in January underscores the agreement’s strategic importance. This Council, which has engaged with over 500 businesses across seven Indian states in the past nine months, is addressing operational challenges and enhancing trade connections. Its efforts highlight a broader goal: ensuring that businesses on both sides maximize the benefits of CEPA.
Beyond the immediate trade statistics, CEPA is facilitating significant economic integration. It is driving investments, creating new business opportunities, and strengthening diplomatic ties. For instance, the agreement has been instrumental in supporting initiatives like “Visit Bharat,” which aims to elevate India’s global profile and attract more international visitors and investors.
The success of CEPA is also setting a precedent for international trade agreements. It demonstrates how such partnerships can go beyond traditional trade metrics to create a holistic framework for economic collaboration. As both India and the UAE continue to leverage the agreement’s benefits, CEPA is proving to be a model for future trade partnerships in a dynamic global economy.
