- March 18, 2024
- Posted by: admin
- Category: Good News
The United Arab Emirates UAE and India through a Comprehensive Economic Partnership Agreement
(CEPA) signed in 2022 agreed to strengthen their economic activities. The CEPA strengthens the business
relationship between the countries, main attractions being the following:
• Greater access for UAE exports entering the Indian market through the reduction or removal of
tariffs on more than 80 per cent of products.
• An open and non-discriminatory environment for cross-border trade with India.
• Enhanced market access for UAE’s service providers across 11 sectors and more than 100 subsectors.
• The removal of unnecessary technical barriers (TBT) for UAE and Indian exporters.
• The use of international standards as a basis for technical regulations.
• Enhanced access for UAE businesses to Indian government procurement opportunities.
• Support for UAE companies through a 10 per cent price preference in UAE government
procurement tenders.
• Assurance that UAE products will not be subject to India’s anti-dumping investigations as such
products are merely transshipped.
• A Joint Committee to assess, revise and propose amendments to the CEPA, including improving
market access.
For Indian Businesses and Investors many lucrative investment areas are easily available now. They include,
besides trading, real estate, tourism, hospitality, manufacturing, import/export, education, healthcare etc.