The UAE Ministry of Economy will mark the first anniversary of the UAE-India Comprehensive Economic Partnership Agreement (CEPA) at a special event during the Annual Investment Meeting (AIM).
The AIM is scheduled to be held in Abu Dhabi National Exhibition Center on May 8.
The event, titled ‘CEPA Beyond Trade’, will showcase the positive impact of the agreement on commercial and cultural exchange between the two long-standing allies in the last 12 months.
It will feature a series of panel discussions with industry leaders from both the UAE and India, who will reflect on the main success stories of the partnership to date and also explore how the two sides are collaborating in areas such as food, fashion and the arts.
The event will also include a street food festival, fashion display and live entertainment.
The UAE-India CEPA, which came into effect on May 1, 2022, was the UAE’s first ever bilateral trade deal and a cornerstone of the country’s new foreign trade agenda.
The deal removed or reduced tariffs on more than 80 percent of product lines, eliminated unnecessary barriers to trade, promoted investment flows into priority sectors, and offered a platform for SME cooperation and expansion.
In 2022, UAE-India bilateral trade reached $49 billion, a growth of 10 percent over the previous year.
Dr Thani Al Zeyoudi believes that the UAE-India CEPA will be regarded as not only a turning point in bilateral relations but a model for international collaboration in the post-Covid period.
“The UAE-India CEPA is a milestone for both nations, establishing a hugely important platform for long-term, sustainable growth by increasing market access for our respective exporters, industrialists and investors,” he said.
The CEPA Beyond Trade event is being supported by Abu Dhabi National Oil Company (ADNOC). AIM, Lulu Group, The Indian People’s Forum (IPF) and Texmas are the other backers for the event.
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