NewKerala.com

India-UAE CEPA Drives Trade Past $100 Billion, Says Piyush Goyal

Four years after implementation, the India-UAE Comprehensive Economic Partnership Agreement has driven bilateral merchandise trade past $100 billion, according to Union Minister Piyush Goyal. He highlighted that services trade is also rising steadily, opening new markets for Indian businesses. Key sectors such as gems and jewellery, engineering goods, electronics, and agriculture have seen notable expansion under the agreement. Goyal also noted that rising FDI inflows from the UAE and increased Indian overseas investments reflect deepening economic linkages.

Key Points: India-UAE CEPA Boosts Trade to $100 Billion: Piyush Goyal

  • India-UAE CEPA drives bilateral merchandise trade past $100 billion
  • Services trade grows steadily, opening new markets
  • Key sectors like gems, electronics, and agriculture expand
  • FDI inflows and overseas investments deepen economic ties
2 min read

India-UAE CEPA delivering strong trade growth, new opportunities for businesses: Piyush Goyal

Piyush Goyal says India-UAE CEPA has driven bilateral merchandise trade past $100 billion, boosting sectors like gems, electronics, and agriculture.

"Four years ago, when the India-UAE Comprehensive Economic Partnership Agreement (CEPA) came into force, it created a transformational opportunity for Indian farmers, MSMEs, and other businesses. - Piyush Goyal"

New Delhi, May 1

The India-UAE Comprehensive Economic Partnership Agreement is driving robust trade expansion and opening new avenues for Indian businesses, Union Minister Piyush Goyal said on Friday.

Four years after the implementation of the India-UAE Comprehensive Economic Partnership Agreement, the bilateral economic relationship between India and the United Arab Emirates has witnessed significant growth across multiple sectors.

Highlighting the progress in a post on social media platform X, Goyal said the agreement has created transformational opportunities for Indian farmers, MSMEs and businesses.

"Four years ago, when the India-UAE Comprehensive Economic Partnership Agreement (CEPA) came into force, it created a transformational opportunity for Indian farmers, MSMEs, and other businesses," Goyal stated.

He noted that bilateral merchandise trade between the two nations has crossed the $100 billion mark -- reflecting strong momentum since the agreement came into force.

Services trade has also shown steady growth, helping Indian companies access new markets while enhancing value creation.

"Bilateral merchandise trade has grown strongly, crossing $100 billion, with services trade also rising steadily and opening new markets and greater value," Goyal mentioned.

"Expansion across key sectors like gems and jewellery, engineering goods, electronics, and agriculture is delivering tangible gains, and FDI inflows from the UAE and India's overseas investments further reflect our deepening economic linkages," Goyal explained.

According to the minister, key sectors such as gems and jewellery, engineering goods, electronics and agriculture have seen notable expansion under the CEPA framework.

These gains are translating into real benefits for exporters and entrepreneurs, strengthening India's position in global trade.

Goyal further said that rising foreign direct investment (FDI) inflows from the UAE into India, along with increased overseas investments by Indian firms, underscore the deepening economic partnership between the two countries.

Meanwhile, earlier in the day, he informed about a virtual interaction with UK Secretary of State for Business and Trade Peter Kyle to deepen bilateral trade and investment ties.

Both leaders explored ways to enhance trade and investment ties, while fully leveraging the India‑UK Comprehensive Economic and Trade Agreement (CETA), the minister said in a social media post.

- IANS

Share this article:

Reader Comments

P
Priya S
This is a positive development for Indian farmers and MSMEs. My uncle runs a small spice export business in Kerala and says the agreement has reduced tariffs for many agricultural products. But, they also need better logistics support and port infrastructure to fully benefit from these deals. Hope the government addresses these ground-level challenges too!
M
Michael C
As someone working in the electronics sector, I've seen the CEPA's benefits firsthand — easier customs clearance and lower duties have made our products more competitive. However, we need more transparency on how these gains translate to smaller businesses, not just large exporters. Let's see more data on MSME participation! 📈
R
Rohit L
Good news for the gems and jewellery sector! I run a small diamond cutting unit in Surat and we've seen a steady rise in orders from Dubai since the agreement. But the real test will be whether these trade numbers translate into more jobs and better wages for workers. Let's focus on inclusive growth! 💎
A
Aman W
This is encouraging, especially the part about services trade growing. As a software engineer who's worked with UAE clients, I can say there's huge potential for IT and fintech partnerships. However, we need to ensure that these agreements don't just benefit big corporations — small tech startups should also get a piece of the pie! 🚀
S
Sarah B
The $100 billion trade mark is impressive, but I'd like to hear more about how this benefits the common Indian farmer. My family has land in Punjab and they still struggle with market access and fair prices. These agreements are great on paper, but the ground reality for small

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50