New Delhi, July 24: The United Arab Emirates (UAE) has emerged as India’s third-largest trading partner under the Comprehensive Economic Partnership Agreement (CEPA), highlighting the growing strength of bilateral trade and economic cooperation between the two nations.
The milestone reflects the positive impact of the CEPA in enhancing market access, facilitating cross-border trade, and creating new opportunities for businesses across key sectors, including manufacturing, gems and jewellery, food processing, pharmaceuticals, engineering goods, and services.
Speaking on the occasion, officials emphasized that the agreement has significantly accelerated trade flows, strengthened investment partnerships, and deepened commercial engagement between India and the UAE. The continued expansion of economic ties is expected to support innovation, job creation, and sustainable economic growth in both countries.
The Government reaffirmed its commitment to leveraging the CEPA framework to further boost exports, attract investments, and enhance collaboration in emerging sectors such as technology, logistics, renewable energy, and digital commerce.
As India and the UAE continue to strengthen their strategic partnership, the CEPA remains a key driver of inclusive economic growth, improved competitiveness, and long-term prosperity for businesses and consumers in both countries.