On May 1 2022, UAE and India came into Partnership Agreement. The prior focus of the trade was to benefit in terms of fostering an open trade environment which enhances market access for betterment of service providers all over the sectors. This agreement is a trendsetter because of the short time of 88 days in which it was negotiated and concluded. CEPA is expected to increase the total value of bilateral trade in goods to over US$100 billion and trade in services to over US$15 billion within five years. The CEPA covers almost all the tariff lines dealt in by India (11,908 tariff lines) and the UAE (7581 tariff lines) respectively.
The UAE-Israel CEPA will enter into force on April 1st, 2023. The agreement enables businesses to take advantage of an array of new benefits, including:
The UAE-Indonesia CEPA was signed on 1 July 2022 and entered into force 1 September 2023. As a result of the agreement, businesses can now take advantage of many new benefits, including:
The UAE-Türkiye CEPA was signed on March 3rd 2023 and entered into force 1 September 2023. As a result of the agreement, businesses can now take advantage of many new benefits, including:
The UAE-Cambodia CEPA was signed on June 8, 2023 and entered into force on January 31, 2024. As a result of the agreement, businesses can now take advantage of an array of benefits. These include:
Our team of professionals in Legallands, LLP provide various services which includes under CEPA. We help and assist our client to provide consultancy to Companies and strategizes the policies of the company to assess the risk in the competitive market and increase the profit margin of the company. We also assist in trade services which includes Market entry strategy and foreign market analysis, compliance with international trade regulations and standards, customs and tariff strategy advisory, supply chain optimization and logistics management, trade finance and risk mitigation strategies, negotiation and management of international trade agreements.
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We, the LegalLands LLP , are a family of exceptional professionals with expertise in the fields of law, taxation, business administration, consultation services, etc. We understand your problems and work to the best of our abilities, tailoring our knowledge and expertise to your specific interests and needs, to arrive at the best suitable solutions to your problems. Our aims are to cater to your needs rather than viewing these needs as opportunities to enrich ourselves at your cost!
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