The India-UAE Comprehensive Economic Partnership Agreement (CEPA), signed on February 18, 2022, has significantly strengthened bilateral trade and economic relations over the past three years. Merchandise trade nearly doubled from USD 43.3 billion in FY 2020-21 to USD 83.7 billion in 2023-24. A key achievement is the diversification of trade, with non-oil trade reaching USD 57.8 billion in FY 2023-24. This aligns with the broad objective of increasing bilateral non-oil trade to USD 100 billion by 2030. India’s non-oil exports to the UAE grew 25.6% since CEPA’s implementation, reaching USD 27.4 billion in FY 2023-24. Key export sectors include electrical machinery and high-tech goods. Smartphone exports alone were valued at USD 2.57 billion. The agreement has empowered MSMEs, generated employment, and fostered a strong India-UAE trade relationship.