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International Journal of Trade & Commerce-IIARTC
Impact Factor (IF):5.135 (COSMOS), IF:7.249 (ISRA), IF:3.721 (ISI)
ISSN:2277-5811 (P), ISSN:2278-9065 (O)
Frequency: Half Yearly
Deepening Ties of India-UAE Relations: Role of CEPA
Author:Zakir Hussain*
Abstract:
India and the UAE (United Arab Emirates) have set the ground for a ‘complementary’ model of growth. Their respective resourcefulness and visionary leadership scripts a roadmap of 50 years’ of ‘shared future’, and CEPA is the stepping stone to metalize that vision. Side by side, this has also increased India’s footprints in the region, thus paving the way for wider market access, building exclusive trade corridors and incentivizing companies to relocate in either country. CEPA and I2U2 set good precedents, especially when the world is plunged into divisive politics (Russian-Ukraine war, growing US-Chinese tussle) and protectionism. However, there are some caveats. For instance, both countries should avoid carrying the geopolitical burden of other countries. CEPA should remain an apolitical body. It should focus on harnessing the joint potential of the two countries and remain benign to include like-minded countries of West Asia and South Asia and expand its reach.
Keywords:Key Words: CEPA; Digital Trade; Minilateral; Middle East Quad; I2U2.
DOI:10.46333/ijtc/11/2/1
International Journal of Trade & Commerce (Vol: 11 Issue:2)
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