
Asia Perspectives by Economist Impact
From silk road to skyscrapers: Charting the investment landscape between Asia-Pacific and the United Arab Emirates
Apr 16, 2024
Pratibha Thaker, Editorial Director at the Economist Intelligence Unit, and V. Shankar, CEO of Gateway Partners, dive into the thriving investment landscape between Asia-Pacific and the UAE. They discuss the strategic partnerships emerging from trade agreements and infrastructure investments, emphasizing the UAE's role as a global commerce hub. The conversation highlights opportunities for Asian companies within the UAE’s free trade zones and the supportive environment for SMEs. They also explore the future of investment in sectors like AI and hospitality, amid evolving geopolitical challenges.
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Quick takeaways
- The Comprehensive Economic Partnership Agreement between India and the UAE is set to significantly boost bilateral trade and investment by creating a favorable business environment.
- The UAE's strategic location and economic diversification efforts position it as a key hub for Asia-Pacific businesses seeking access to broader markets.
Deep dives
Impact of UAE-India Economic Agreement
The Comprehensive Economic Partnership Agreement (CEPA) signed between India and the United Arab Emirates (UAE) is set to significantly boost trade, targeting over $100 billion in goods and $15 billion in services within five years. This agreement not only enhances trade relations between the two nations but also encourages investments from various sectors into the UAE, creating an advantageous business environment. For example, the recent investment by DP World for a new container terminal in Gujarat exemplifies the collaboration between these economies. Furthermore, the UAE’s ability to attract 83,000 Indian-owned companies highlights the growing entrepreneurial spirit nurtured by favorable regulatory frameworks.
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