Current Affairs · International Trade Agreements
With reference to the India–UAE Comprehensive Economic Partnership Agreement (CEPA) and the emerging UAE–India economic corridor, consider the following statements: Statement I: The India–UAE CEPA eliminated or reduced tariffs on a large majority of tariff lines, thereby significantly liberalizing bilateral trade. Statement II: Strategic investment frameworks and bilateral investment treaties provide long-term certainty to investors and facilitate corridor-based economic integration. Statement III: The UAE–India corridor is confined strictly to hydrocarbons and does not extend to manufacturing, logistics, finance, or digital infrastructure. Which of the following is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is correct and Statement II is correct, and Statement II explains Statement I.
- 2Both Statement II and Statement III are correct, but only one of them explains Statement I.
- 3Statement I is correct but Statement II is incorrect.
- 4Statement I and Statement II are correct, but Statement III is incorrect.✓
Correct answer
Statement I and Statement II are correct, but Statement III is incorrect.
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