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:
India–UAE Comprehensive Economic Partnership Agreement (CEPA)