Global Outlook

 On February 18, 2022, the historic Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE was signed in front of a virtual summit that was also attended by UAE President Sheikh Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi. The Federation of Indian Chambers of Commerce & Industry (FICCI), in collaboration with the Indian Embassy in Abu Dhabi, the Indian Consulate General in Dubai, and Dubai Chambers, hosted a Special Business Event on Friday to celebrate the signing of CEPA. More than 200 eminent companies from the UAE and India attended the event. Thani Al Zeyoudi, the UAE's Minister of State for Foreign Trade, addressed the audience and discussed the enormous prospects and benefits provided by CEPA. In his remarks, Ambassador Sunjay Sudhir said that businesses from both India and the UAE have already begun to take advantage of the duty waivers and improved market access provided by the CEPA. The first bilateral trade agreement sig...