Comprehensive Economic Partnership Agreement (CEPA

India and UAE signed a Comprehensive Economic Partnership Agreement (‘CEPA’) on 18 February 2022 to strengthen economic ties and boost trade and investment between both countries which would come into effect from 1 May 2022. Through this CEPA, the countries are projected to achieve significant economic benefits in the form of access to quality education, liberalisation of customs tariffs, ease of facilitating access to respective markets and ease of movement of skilled labour to support these economic initiatives. In this context, we are organizing a webinar in association with Indian Chamber of Commerce & Industry on CEPA. BDO India is the knowledge partner for the session. Mr. K.M. Harilal, Joint Director General of Foreign Trade, Kochi is the Chief Guest. Mr. Krishna Barad, Partner – Customs & International Trade, Indirect Tax – BDO India will speak on the subject.

The goods covered under the CEPA includes gems and jewellery, textiles, leather, footwear, furniture, agriculture and food products, plastics, engineering goods, pharmaceuticals, medical devices, sports goods. The Agreement also specifies Rules of Origin along with Minimum Required Information in that regard and covers product-specific rules for the import of specific products under CEPA. The CEPA will promote two-way economic benefits in various sectors.