India’s Commerce Minister Piyush Goyal emphasizes that future trade deals—with countries including the UAE—will focus on complementarity, not competition.
📦 Trade Based on Strengths
At a London forum, Minister Goyal stated India is prioritizing trade agreements with economies it complements—like the UAE—rather than directly competing ones :contentReference[oaicite:4]{index=4}.
Complementarity allows each partner to leverage unique capabilities: India’s manufacturing and services paired with the UAE’s logistics and investment strength.
🤝 Strategic Partners: UK, Australia, UAE
India’s current engagements include:
- ✅ UK‑India FTA: Shared focus on science, tech, innovation :contentReference[oaicite:5]{index=5}.
- ✅ Australia Deal: Long-term partnership in mining and agriculture.
- ✅ UAE CEPA (2022): Boosts non-oil trade, complementing logistics and digital sectors :contentReference[oaicite:6]{index=6}.
📈 CEPA Success: Non‑Oil Trade Soars
Since CEPA, non-oil trade has grown 20.5% in 2024, with exports to India exceeding AED240 billion :contentReference[oaicite:7]{index=7}.
Dubai Chambers also report a surge in Indian investment in IT, real estate, and service sectors, thanks to CEPA’s ease of access :contentReference[oaicite:8]{index=8}.
🌍 Strategic Implications
- 🏗 For UAE: Access to Indian manufacturing, tech, workforce.
- 🚀 For India: Gateway to GCC markets and investment capital.
- 🌐 For businesses: Streamlined regulations, lower tariffs.
⚙️ What It Means for Your Business
- 🔗 Explore joint ventures in logistics, renewables, IT.
- 🔍 Leverage CEPA to expand UAE operations or source components from India.
- 📊 Use trade facilitation tools and digital corridor platforms like VTC.
🔧 ZR Tech Solutions Can Help
Services include:
- ✅ Market feasibility studies in India/UAE.
- ✅ Regulatory advisory and CEPA compliance.
- ✅ Digital integration for cross-border trade processes.
