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
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted

India–UAE Comprehensive Economic Partnership Agreement (CEPA)

Got a question? We're here to help!

Our dedicated Student Support team is ready to assist you and guide you every step of the way.
Reach out to us, and let’s tackle your queries together!

Copyright © 2026 USARAMBHA EDUCATION (UnderStand UPSC). All Rights Reserved.

UPSC Mains 2026 Crossover - Download Free PDF
0
Would love your thoughts, please comment.x
()
x