The Comprehensive Economic Partnership Agreement ( CEPA ) has boosted trade flows between India and the United Arab Emirates (UAE) by nearly a third. Valuable goods like gems and jewellery will benefit from digitised processes for customs documentation to streamline lengthy or complex paperwork procedures. The Indian logistics market is estimated to reach $380 billion by 2025, while the freight and logistics market in the UAE is predicted to generate more than $31 billion by 2026. India and the UAE’s logistics infrastructure, paired with free-trade policies, bi-lateral agreements, and growing investments and trade links, will have an enormous impact on trade between the two countries and the wider Gulf region. This, in turn, will result in a self-reliant and sustainable economy.The writer is Vice President, Operations- India, FedEx Express.

Source: The North Africa Journal May 30, 2023 05:31 UTC