New Delhi, Feb. 18 -- The India-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (CEPA) has proven to be a significant driver of trade growth between the two countries as it completes three years since signing on Tuesday. Bilateral merchandise trade between India and the UAE has nearly doubled in this period, rising from $43.3 billion in FY21 to $83.7 billion in FY24, according to a statement from the commerce ministry.

Signed during a virtual summit between Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan, the agreement entered into force on 1 May 2022.

In its three years, the India-UAE CEPA has significantly strengthened economic ties, driven robust trade growth, and created new ...