Jaipur’s Role in Boosting India-UAE Trade
Jaipur, a historic city in India, has significantly boosted trade between India and the United Arab Emirates (UAE) following the signing of the Comprehensive Economic Partnership Agreement (CEPA). The agreement has led to a 16% increase in bilateral trade, reaching 85 billion USD from 73 billion USD two years ago. Jaipur has played a crucial role in facilitating trade between the two countries, contributing approximately half a billion dollars. UAE officials have expressed their intention to engage with local businesses to explore partnership opportunities, which is expected to further strengthen trade ties between the two nations. Ras Al-Khaimah in the UAE has also been identified as an important location for Indian business leaders due to its economic investment policies and world-class infrastructure. The UAE-India CEPA offers numerous benefits for businesses from both countries, such as greater access to each other’s markets, reduced tariffs on a signi...