UAE looking to expand scope of trade under CEPA with India: official
The Hindu
UAE aims to expand trade scope with India under CEPA to boost bilateral trade volume, highlighting agri-commodities and minerals
The United Arab Emirates is looking to expand the scope of trade and services covered under the Comprehensive Economic Partnership Agreement (CEPA) with India to further accelerate bilateral trading volume, a senior UAE official said on May 30.
India and the UAE signed the historic CEPA on February 18, 2022, to further boost bilateral trade and economic ties.
Feryal Ahmadi, the Chief Operating Officer of the Dubai Multi-Commodities Centre (DMCC), said that the UAE is looking at agri-commodity potential and working on adding other sectors including critical minerals under the CEPA.
The United Arab Emirates is looking to expand the scope of trade and services covered under the Comprehensive Economic Partnership Agreement (CEPA) with India to further accelerate bilateral trading volume, she said.
Emphasising the importance of India as the largest trading partner for the Emirates, she said, “We are absolutely looking at agri-commodity potential and working on adding other sectors including critical minerals under CEPA.” Ms. Ahmadi also underlined the growing importance of other Free Trade Agreements and trade corridors, including the potential of the India-Middle East-Europe Economic Corridor.
She sees more and more countries working on bilateral free trade agreements and regionalization of trading among countries.
She presented a DMCC report, “The Future of Trade”, in Singapore today, in which the UAE-India CEPA trade growth was highlighted.
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