3 years of India- UAE Comprehensive Economic Partnership Agreement (CEPA)

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India- UAE CEPA was signed on 18th February 2022 and entered into force on 1st May 2022.

About India-UAE CEPA

It is the first deep and full-fledged Free Trade Agreement, signed by India with any country in the past decade.
It covers Trade in Goods and Services, Pharmaceutical products, IPR, Investment, etc.

Boost bilateral trade in goods to US$100 billion and trade in services to US$15 billion over next five years.
Create more than one million jobs opportunities for Indian workforce through enhanced trade liberalisation and market access.
Enable preferential market access for India’s labour-intensive goods like textiles, engineering goods etc.
Ensure zero-duty market access for 90% of exports from UAE into India, benefitting UAE commodity exporters of petrol chemicals, aluminum, and copper.
Enhance Indian exporters’ access to UAE’s neighbouring regions, especially Gulf Cooperation Council states.

Bilateral Merchandise trade: Nearly doubled from USD 43.3billion (FY 2020-21) to USD 83.7billion (FY 2023-24).
Export Growth: Non-oil exports hit USD 27.4B in 2023-24, led by refined crude, gems & jewellery, high-tech goods, and chemicals.
MSMEs Boost: Increased market access & employment, with Bharat Mart in Dubai enhancing global trade.

Diplomatic Ties: Established in 1972.
Trade: UAE ranks as India's third-largest trading partner and second largest export destination, with exports over US$ 35.62 billion in FY 2023-24.
Defense: Desert Eagle bilateral exercise between air forces of both countries, Joint Military Exercise Desert Cyclone etc.