<h1>India-UAE CEPA Boosts Trade: Bilateral Merchandise Nearly Doubles to $83.7B, Non-Oil Exports Up 25.6%</h1> The India-UAE Comprehensive Economic Partnership Agreement (CEPA), signed on February 18, 2022, has marked its third anniversary. Since its implementation on May 1, 2022, bilateral merchandise trade has nearly doubled, reaching USD 83.7 billion in 2023-24. Non-oil trade has grown significantly, aligning with the goal of reaching USD 100 billion by 2030. The agreement has facilitated a 25.6% average growth in India's non-oil exports, with significant contributions from sectors like electrical machinery and chemicals. Both governments have actively addressed trade challenges through regular meetings. The CEPA has strengthened economic ties, empowered MSMEs, and created new business opportunities.