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CEPA a gamechanger in Indo-UAE relations, UAE to begin reducing tariffs on India’s goods by 90%

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Implementation of a Comprehensive Economic Partnership Agreement (CEPA) signed between India and the UAE on February 18, came into force on May 1 with the arrival of the first imports exempted from tariffs. CEPA between the two countries would help encourage trade by reducing custom tariffs by 90 percent and increase non-oil trade from US$45 billion at the end of 2021 to US$100 billion annually in the next five years.

The UAE chose India to sign the first CEPA, which underscores the strategic ties between the two countries. Since the launch of the CEPA programme as part of the ‘Projects of the 50’ initiative, the UAE began talks to sign CEPAs with several countries of strategic importance both regionally and internationally, aiming to sign eight agreements in 2022.

On the annual growth of the trade exchange between the two countries and their targets over the next five years, Abdullah bin Touq Al Marri, Minister of Economy, said the CEPA between the UAE and India will intensify their bilateral trade and add 1.7 per cent, or US$9 billion, to the UAE’s GDP by 2030, increase the UAE’s exports by 1.5 per cent and its imports by 3.8 per cent by 2030. It will also create some 140,000 jobs for talented people and those with specialist skills in the most promising sectors of the UAE economy by 2030.

On the new areas of cooperation, CEPA offers many advantages, including reducing and cancelling tariffs, widening access to markets, and creating opportunities in vital areas, such as aviation, environment, hospitality, logistics, investment, construction, financial services, and digital trade.

The CEPA will offer numerous advantages for small and medium-sized enterprises (SME) in the private sectors of both countries. It represents a historically strategic step to promote economic integration and cooperation between the two countries and establish a solid foundation that will open new horizons between their business communities.

The CEPA will also open access to different markets and create new investments and opportunities in critical areas, including energy, environment, and digital trade. The agreement covers 11 service sectors and more than 100 sub-sectors, including business services, professional services, accounting, real estate, advertising, communications, building and construction, related services, educational services, environmental services, financial services, insurance, social and health services, and travel and tourism service.

India is the UAE’s largest trading partner in terms of non-oil exports, equivalent to 14 percent of the country’s total global exports, while the UAE is also India’s third-largest trading partner and accounts for 40 percent of its trade with Arab countries.

The most prominent commodities exported from the UAE to India and the commodities imported from India are mainly gold, diamonds and jewellery, machinery, electrical appliances, petroleum and plastics, and minerals that include iron, steel, and aluminium. The two countries account for more than 16 per cent of the global trade in diamonds, gold and jewellery, and the other country accounts for 20 per cent of their national gold trade.

The figures show that three percent of the UAE’s trade during the Covid-19 pandemic was with India, which is among the 15 most important exporters of food commodities in the world, and the UAE is among the most important recipients of its exports from this commodity group, coming in third place.

India is ranked second in terms of the UAE’s total trade in food commodities and products, and is one of most important suppliers in the UAE’s food commodities market, contributing 10 per cent of the UAE’s total imports of food commodities and products.

Talking to IANS, Chandu Siroya, V.P. Dubai Gold and JwellaryGroup, who received the first consignment under CEPA said that the Government of India made a special effort to send the shipment on the first day of CEPA by clearing and sending the shipment on March 5, 2022. Assisted by the Dubai Customs office in the whole process and the shipment was cleared in 15 Minutes Duty Free. The customs assisted us in getting the approval code from Dubai Trade for the exemption. The declaration was done online, and the approval was received instantaneously. It was a very fast seamless process. Kudos to the authorities for doing this under a brand-new agreement.

Dr. Azad Moopen, Founder Chairman and Managing Director of Aster DM Healthcare said that I am delighted to see the strategic ties between UAE and India gaining momentum, and with the Comprehensive Economic Partnership Agreement (CEPA), many corridors for trade, investment, services and employment will open up reciprocally. The UAE has been second home for over 3.4 million Indians and India’s largest trade partner for many years. The leaders of both countries share an amicable bond and this is just another step towards strengthening ties and the relationship between the two countries. With this agreement, we can expect the business between the two countries to increase exponentially.

Paras Shahdadpuri, Chairman, Nikai Group of Companies said that CEPA � Comprehensive Economic Partnership Agreement, will give a powerful thrust to the bilateral economic relationship. CEPA is equivalent to the FTA which was originally under negotiations between India and GCC which however was taking longer time to conclude. Therefore, the CEPA between the two countries. This will enhance the trade and economic activity between the two countries with manufactured goods of the two countries being imported without incurring any custom duties.

Kamal Vachani, Group Director and Partner at Al Maya Group commented on CEPA that The Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE is truly a matter of significant importance in the context of its growing economic ties between the two countries. Trade between India and the UAE has always been an important factor in driving economic partnership. India is among the top three trading partners of the UAE and the signing of a new free trade agreement between both the countries will take the trade to the next level. Specially the trading groups like us, who are catering and trading between both countries are going to get its benefits at every step.

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India to get preferential access in US market under trade pact: Piyush Goyal

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India has secured an assurance from the United States that Indian goods will enjoy preferential market access in the American market compared to competing countries under the proposed bilateral trade agreement (BTA), Commerce and Industry Minister Piyush Goyal said on Sunday.

Speaking to reporters during his two-day visit to Egypt, Goyal said the understanding was already reached at the leadership level when Prime Minister Narendra Modi and US President Donald Trump agreed on a broad framework for strengthening bilateral trade ties.

“This was already agreed between the leaders – President Trump and Prime Minister Narendra Modi when they announced that we have both come to a broad framework agreement a few months ago, and it has been acknowledged that India will get preferential trade access in the US with lower duties than our competitor countries,” Goyal said.

India and the US had finalised the framework for the first phase of the bilateral trade agreement in February, with both sides aiming to deepen economic engagement and expand market access.

However, the signing of the initial tranche has been delayed as the two countries continue negotiations amid changes in the US tariff regime.

The minister’s remarks come days after a senior government official said Washington had assured New Delhi of a comparative tariff advantage over competing nations under the proposed agreement.

The two sides are currently working towards concluding the first tranche of the pact by the end of the current financial year.

According to the official, discussions are continuing both on the first tranche and the broader bilateral trade agreement, while the final extent of tariff concessions and competitive advantages for Indian exports will depend on the framework eventually agreed upon.

Trade negotiations have gained added significance after the US Supreme Court struck down the Trump administration’s reciprocal tariffs that had formed the basis of earlier discussions.

Following the ruling, the US has been exploring alternative mechanisms under provisions of the Trade Act to develop a new tariff architecture.

Goyal is currently in Egypt to hold discussions aimed at enhancing bilateral trade and investment ties, even as India pursues trade negotiations with several key partners, including the United States.

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Nifty above 25,000 keeps bullish trend intact despite Friday’s dip: Market experts

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Despite snapping a three-session winning streak on Friday, the Nifty’s ability to hold above the key 25,000 level and major long-term moving averages signals that the broader market structure remains positive, with analysts advising investors to buy on dips as long as critical support zones remain intact.

However, technical analysts said the recent correction has not altered the broader bullish setup.

According to market experts, the Nifty continues to maintain a positive weekly structure following its breakout above a previous swing high and a falling trendline resistance.

The index remains comfortably above its 50-week exponential moving average near 24,037 and its 200-week exponential moving average around 22,451, indicating sustained strength in the longer-term trend.

Analysts noted that while the latest Doji-like candlestick formation suggests some indecision and hesitation at higher levels, holding above the breakout zone will be crucial to preserving bullish momentum.

“On the upside, immediate resistance is placed at 25,350 and 25,800. A sustained breakout above this zone could open the door for further upside towards higher levels. On the downside, immediate support is seen in the 24,800–25,000 zone, which will remain crucial for sustaining the current bullish structure,” analysts stated.

“A sustained hold above this support region could attract fresh buying interest, while a decisive breakdown may lead to further consolidation. Traders may maintain a positive bias while remaining watchful of intermittent profit booking at higher levels,” according to the market experts.

For the Sensex, analysts identified the 81,300-81,000 range as immediate support, with the next support zone placed between 80,700 and 80,500.

They said the index will need to hold above these levels to sustain the current positive trend.

“Sensex closed lower on Friday, giving back a portion of its recent sharp gains. The immediate resistance is placed around 81,900–82,200, followed by 82,500. A sustained move above these levels could open the way for further upside,” market experts noted.

“On the downside, 81,300–81,000 forms the immediate support zone, followed by 80,700–80,500. Holding above the immediate support range will be important to preserve the prevailing positive momentum,” analysts noted.

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NITI Aayog to launch national workshop series on lessons from 25 years of PM Modi’s leadership

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NITI Aayog will launch a series of five national workshops on Tuesday to draw lessons from 25 years of Prime Minister Narendra Modi as Head of Government, with the series studying this quarter century of public leadership so that its lessons become part of the nation’s shared knowledge, according to an official statement issued on Sunday.

It will document the experiences of those who were part of this journey and translate them into knowledge that benefits all, according to an official statement issued on Sunday.

The Prime Minister assumed office as Chief Minister of Gujarat on October 7, 2001. After serving for more than 12 years in that office, he assumed office as Prime Minister in May 2014 and is now serving his third successive term. With the completion of 25 years on October 7, 2026, this marks the longest continuous tenure at the head of an elected government in India. Throughout this period, governance has been anchored in the idea of the ‘Pradhan Sevak’, under which every office of government exists to serve the citizens.

Antyodaya has set the measure of progress at the last person. Jan Bhagidari has made development a people’s movement. The principle of Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayas has further strengthened this as a shared national undertaking. The goal of Viksit Bharat by 2047 has provided this approach a long horizon, asking every institution to plan and act for India as it approaches the centenary of Independence, the statement said.

Much of what India has learnt about governing at this scale is held in the experience of the officers, institutions, and citizens who took and carried through these decisions. The series will record their first-hand accounts and examine them with academic rigour. It will develop them into institutional learning material, including case studies, research papers and teaching material, for civil servants, training institutions, universities, students and the wider public.

The five national workshops will focus on the following governance themes: “Leadership as Mission” in November 2026, “Governance as Delivery” in January 2027, “Development as Inclusion” in April 2027, “Civilisational Identity” in July 2027, and “India as a Global Force” in September 2027.

The first national workshop, “Leadership as Mission”, will be held at Bharat Mandapam, in the national capital on November 17. It will study leadership through the specific decisions in which it becomes visible and the manner in which those decisions are translated into outcomes for citizens.

Around 900 participants are expected to attend the workshop, of whom 250 will participate directly in the deliberations. These will include 150 government officers, including Secretaries and senior officers of the Union and state governments and District Collectors of Aspirational Districts. The participants will also include 25 students of leading institutions and universities, and 50 community partners and beneficiaries of national flagship schemes. The group discussions will be guided by 25 case facilitators trained under the Amrit Gyaan Kosh initiative of the Capacity Building Commission. The proceedings will be streamed on the iGOT Karmayogi platform.

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