UAE and India mark three years of CEPA as business ties flourish

The UAE's non-olil trade with India grew by 20.5 per cent to exceed Dhs?40 billion in 2094, compared to Dhsl99.3 billion in 2093

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The UAE and the Republic of India continue to witness growing and dynamic economic relations, built on longstanding historical ties and driven by their Comprehensive Economic Partnership Agreement (CEPA), which has significantly boosted economic growth and created new trade and investment opportunities for both business communities.

On 1st May, the UAE and India will celebrate the third anniversary of the entry into force of the CEPA, which marked a new chapter in their strategic economic relations.

The agreement was the UAE’s first bilateral deal under its global economic agreements programme, which aims to expand its network of trade partners with strategically important regional and global markets.

It also represents the first CEPA signed by India with a country from the Middle East and North Africa region. The agreement aims to increase bilateral non-oil trade to US$100 billion annually by 2030.

The UAE’s non-oil trade with India grew by 20.5 per cent to exceed Dhs240 billion in 2024, compared to Dhs199.3 billion in 2023, reflecting the strong investment and commercial potential between the two nations.

India ranked as the UAE’s top non-oil export destination in 2024, accounting for 13.5 per cent of the total, with an unprecedented year-on-year growth of 25.2 per cent.