Launch of CEPA Negotiations
On 23rd September, 2021, India and the United Arab Emirates (UAE) formally launched negotiations for a Comprehensive Economic Partnership Agreement (CEPA).
Both sides will aim to conclude negotiations by December 2021 and sign a formal agreement in March 2022 after the completion of internal legal procedures and ratification.
India-UAE Trade Relations
- Currently the UAE is India’s third-largest trading partner with bilateral trade in 2019/2020 valued at USD 59 billion.
- The UAE is also India’s second-largest export destination after the US, with exports valued at approximately USD 29 billion in 2019-2020.
- India was the UAE’s second-largest trading partner in 2019, with bilateral ....
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