UAE-India CEPA Council and Indian Chamber of Commerce Forge Strategic Partnership

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 The UAE-India CEPA Council (UICC) and the Indian Chamber of Commerce (ICC) have formalized their partnership by signing a memorandum of understanding (MoU) on Thursday. This strategic alliance aims to enhance bilateral economic and trade relations.

According to reports on Khaleej Times, both organizations are poised to collaborate closely, pooling efforts, resources, and ideas to raise awareness about the significant potential of the UAE-India bilateral economic partnership.

The MoU outlines a comprehensive partnership, emphasizing the promotion of the UAE-India economic partnership and the UAE-India Comprehensive Economic Partnership Agreement (CEPA) in particular.

This agreement is expected to facilitate dialogue, information sharing, member interactions, joint events, and awareness programs, fostering expanded cooperation between the two entities.

The UAE ambassador to India highlighted the value of this collaboration in strengthening economic ties and fostering an environment conducive to mutual investments, technological collaborations, and people-to-people exchanges.

Dr. Rajeev Singh, Director General of ICC, expressed excitement about the MoU, emphasizing the aim to unlock new opportunities for businesses in both nations to leverage the potential of CEPA.

Established in early 2024, the UICC is committed to promoting bilateral economic cooperation and trade relations, playing a crucial role in enhancing economic ties between the UAE and India.



Over the fiscal year from April 2022 to March 2023, trade between the two nations surged by almost 16%, reaching $84.5 billion, with the CEPA contributing significantly to this growth.

The CEPA, which came into force on May 1, 2022, offers various benefits such as the removal of technical barriers, use of international standards, tariff reductions, open cross-border trade, enhanced market access for service providers, and the establishment of a joint committee for amendments and revisions.

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