Which of the following statements is/are correct regarding the India-UAE Comprehensive Economic Partnership Agreement (CEPA)?
1. It aims to increase bilateral non-oil trade to $100 billion by the year 2030.
2. It includes a 'Rules of Origin' clause mandating a minimum value addition to prevent third-country routing of goods.

Question

Accepted Answer

C) Both 1 and 2 — Statement 1 is correct as both nations have explicitly set a target of $100 billion in non-oil trade by 2030 under the CEPA framework. Statement 2 is also correct; the agreement contains strict Rules of Origin (typically requiring 40 percent value addition) to ensure that products from third countries (like China) are not dumped through the partner country to exploit zero-duty benefits.

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