The India-UAE Comprehensive Economic Partnership Agreement (CEPA), operational since May 2022, has successfully pushed bilateral trade beyond the $100 billion mark. This strategic FTA is not just about bilateral gains but serves as a critical gateway for India to access markets in Africa, the GCC, CIS countries, and parts of Europe, a crucial point for India's economic diplomacy and export strategy.
Exam Lens
Quick Exam Facts From News
1-Minute Revision
- ›Bilateral Trade Value: $100 billion (crossed)
- ›Agreement Name: Comprehensive Economic Partnership Agreement (CEPA)
- ›Target this Data: $100 billion (bilateral trade crossed)
- ›Target this Nodal Body: Ministry of Commerce and Industry (announced by its Minister, Piyush Goyal)
- ›Target this Legal Point: Comprehensive Economic Partnership Agreement (CEPA) - the specific type of FTA
Mastered this topic? Test your knowledge with a full MCQ quiz.
Practice exam-style questions, track your score, and strengthen your recall.