India and UAE Unveil Comprehensive Economic Partnership Agreement

28 Mar 2022 , 12:55 PM

Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles, Government of India, announced the unveiling of the Comprehensive Economic Partnership Agreement (CEPA) between India and the United Arab Emirates (UAE) at a press conference held on 28 March 2022 during his visit to the United Arab Emirates. Goyal is in UAE to participate in ‘Investopia Summit’ and ‘World Government Summit’ being held in Dubai on 28th March 2022 and 29th March 2022 respectively. With this launch, the text of the India-UAE CEPA is now available in public domain.

India-UAE CEPA was signed on 18 February 2022 in New Delhi during the India-UAE Virtual Summit. The India-UAE CEPA is the first deep and full free trade Agreement to be signed by India with any country in the past decade. The Agreement is a comprehensive agreement, which will cover Trade in Goods, Rules of Origin, Trade in Services, Technical Barriers to Trade (TBT), Sanitary and Phytosanitary (SPS) measures, Dispute Settlement, Movement of Natural Persons, Telecom, Customs Procedures, Pharmaceutical products, Government Procurement, IPR, Investment, Digital Trade and Cooperation in other Areas.

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