India-UAE Trade Surges 37% Over Four Years as CEPA Scales

Bilateral non-oil trade between the United Arab Emirates and India recorded a 37% increase over the last four years. The growth coincides with the implementation and expansion of the Comprehensive Economic Partnership Agreement (CEPA), which has reshaped economic ties between the two nations since 2022. Trade Targets and Tariff Reductions The 37% surge follows the signing of the CEPA in February 2022, which officially entered into force on May 1, 2022. The agreement eliminated or reduced tariffs on approximately 80% of goods, facilitating a more efficient flow of products ranging from gold and jewelry to machinery and chemical products. Current trade data indicates that both nations remain on track to meet the bilateral target of $100 billion in non-oil trade by 2030. This growth is supported by standardized customs procedures and the removal of technical barriers that previously hampered small and medium-sized enterprises (SMEs) in both jurisdictions. Diversification of Economic Exchange Beyond traditional trade in commodities, the partnership has expanded into high-growth sectors including food security, renewable energy, and digital technology. The UAE continues to be one of…