India-UAE CEPA Review: Strengthening Strategic Economic Ties and Addressing Trade Barriers
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India and the UAE recently reviewed the progress of their Comprehensive Economic Partnership Agreement (CEPA), aiming to reach a $100 billion non-oil trade target. The discussions focused on resolving non-tariff barriers and expanding cooperation in future-ready sectors like renewable energy and digital payments.
The recent review of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) marks a significant milestone in the deepening bilateral relationship between the two nations. Since its implementation in May 2022, the CEPA has acted as a catalyst for economic integration, with both nations now aiming for an ambitious target of $100 billion in non-oil trade by 2030.
During the review, senior officials focused on streamlining trade by addressing non-tariff barriers (NTBs). These include Sanitary and Phytosanitary (SPS) measures and Technical Barriers to Trade (TBT), which often hinder the seamless flow of goods despite reduced tariffs. By harmonizing standards and improving transparency, both countries aim to provide greater market access for Indian MSMEs and UAE-based investors. This is particularly relevant for sectors like jewelry, textiles, and engineering goods.
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