Can someone explain what does it mean when they say that since UAE is a transshipment hub, CEPA will allow india to access Middle east and North African markets. How does this happen. .
This is through circumventing rules of origin of products. UAE being a transshipment hub acts as a central point to regional trade. Products originating from other countries can use the benefit of products made in UAE through some minor value addition and eventual tag of "Made in UAE".
It is pretty much similar to India's objections of goods coming from ASEAN FTA which were essentially Chinese goods exploiting our FTA deal.
Transshipment hub will act both ways, hurt and benefit India.