The United Arab Emirates and India have signed an economic partnership pact that will have substantial geopolitical outcomes for both countries. It's a 21st-century agreement based on their common history and commercial relationships, and it gives an already strong relationship a boost. These alone will ensure that the CEPA (Comprehensive Economic Partnership Agreement) provisions, which span a wide range of important sectors, are implemented quickly.
Historically, India was a crucial market for UAE and GCC natural pearl exports, which were the GCC's primary export commodity prior to oil. India was also the source of most of the Gulf countries' food and consumer goods.