What Is CEPA ? India UAE To Sign Free Trade Agreement

the topic of discussion is India UAE to sign free trade agreement India and the UAE are likely to sign a Comprehensive Economic Partnership Agreement that is CEPA it will be the second major trade deal after the India Mauritius partnership agreement the agreement will take India UAE’s economic and commercial engagement to the next level under the deal both the countries could give duty-free access to a number of products from different sectors the CEPA is likely to include areas like trade investment goods and services with this bilateral trade and investment ties are expected to see significant enhancements now moving on to India UAE relations UAE is currently India’s third-largest trading partner bilateral trade between India and the UAE stood at 43.3 billion dollars in 2020 to 21. the UAE is also India’s second-largest export destination after the US exports were 16.7 billion dollars and imports aggregated at 26.7 billion dollars in 2020 to 21. the UAE also has a huge Indian diaspora the UAE is the eighth largest investor in India having invested 11 billion dollars between April 2000 and March 2021.

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