India-UAE CEPA at Four Years: Why This Partnership Outperforms Traditional Trade Deals
CEPA as an Engine of Economic Modernisation Four years into CEPA, the India-UAE partnership demonstrates how well-designed trade frameworks can deliver measurable economic dividends. As noted by Piyush Goyal, the agreement has fundamentally reshaped bilateral value chains. For both India and United Arab Emirates, CEPA has evolved into a catalyst for long-term strategic cooperation. Trade Gains Backed by Real-Sector Expansion Crossing the USD 100 billion mark in merchandise trade is a milestone that signals depth—not opportunistic spikes. Key sectors such as gems and jewellery, engineering goods, electronics, and agriculture have scaled due to tariff reductions, predictable market access, and enhanced logistics. The agricultural sector, in particular, benefits from greater UAE demand and streamlined export pathways that uplift farmers and rural value chains. MSMEs—which account for a significant share of India’s production and employment base—are experiencing tangible gains, ente...