India–UAE Comprehensive Economic Partnership Agreement (CEPA)

Basic Facts

  • Signed: 18 February 2022
  • Entered into force: 1 May 2022
  • Occasion: Virtual summit between
    • Prime Minister of India
    • President of UAE and Ruler of Abu Dhabi, Sheikh Mohamed bin Zayed Al Nahyan
  • Nature of Agreement: Full and deep trade agreement covering goods, services, rules of origin, customs cooperation, and trade facilitation

Trade Performance Since CEPA

Overall Merchandise Trade

  • Trade nearly doubled:
    • USD 43.3 billion in FY 2020–21
    • USD 83.7 billion in FY 2023–24
  • In current FY (till Jan 2025): USD 80.5 billion

Non-Oil Trade Expansion

  • Non-oil trade reached USD 57.8 billion in FY 2023–24
  • Accounts for more than 50% of total bilateral trade
  • Aligned with the target of USD 100 billion non-oil trade by 2030

Utilisation of CEPA Preferences

  • Nearly 2.4 lakh Certificates of Origin issued since CEPA came into force
  • Exports made using CEPA preferences:
    • USD 19.87 billion
About the UPSC Civil Services Examination (UPSC CSE)

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