NAFL @ LOGIX
“CEPA paves way for new era of growth for between UAE and India” H.E. Ahmed Mahboob Musabih, Director General, Dubai Customs and CEO, Ports, Customs and Free Zone Corporation.
NAFL President Nadia Abdul Aziz suggests a strategic logistics corridor between India and UAE; Indian logistics market estimated to grow to US$ 380bn in 2025
O
n 18 February 2022, India and the United Arab Emirates, inked a Comprehensive Economic Partnership Agreement (CEPA) that is being characterized as a major trading landmark. The event was innaugurated by H.E. Dr. Thani Al Zayoudi, UAE Minister of State for Foreign Trade. The milestone pact is aimed at providing a major boost to the trade of goods and services between the nations. The mega deal was signed during a virtual summit meeting between Narendra Modi, Prime Minister of India and HH Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy
36 APRIL 2022
Supreme Commander of the UAE Armed Forces. H.E. Ahmed Mahboob Musabih, Director General, Dubai Customs and CEO, Ports, Customs and Free Zone Corporation spoke on the role of customs and smart services and cooperation between Dubai Customs and India customs in relation to trade facilitation and AEO certification services recognition between both nations.
Ushering in prosperity CEPA paves the way for a new era of joint economic growth and prosperity in the two countries, improves mutual
access to markets, enhances economic and investment opportunities and paves the way for broader prospects, H.E. Ahmed Mahboob Musabih, Director General, Dubai Customs and CEO, Ports, Customs and Free Zone Corporation. Speaking at the recently concluded 3rd Edition of LOGIX India, in Dubai, supported by the UAE’s National Association of Freight and Logistics (NAFL), Musabih noted that the agreement aims to raise the value of non-oil trade from US$ 40bn annually to US$ 100bn within five years, which creates tremendous opportunities for the business community and companies in both countries.
