Swire IQ by Swire Consulting Group

SwireIQ Briefing Paper

India–GCC–Europe Trade & Investment Corridor: Policy, Supply Chain Dynamics & Strategic Implications

How CEPA and CBAM are reshaping supply chains, regulatory obligations and capital flows between India, the Gulf and Europe — and what this means for manufacturers, investors, importers and policymakers.

≈ 8 minute read Updated 2025
Download full briefing (PDF)

PDF includes full quantitative data, references and risk scenarios.

Executive summary

This SwireIQ briefing paper examines how the India–UAE Comprehensive Economic Partnership Agreement (CEPA) and the EU Carbon Border Adjustment Mechanism (CBAM) are jointly reshaping trade flows and supply chain design between India, the GCC and Europe. The analysis argues that a three-node corridor is emerging: India as a manufacturing and engineering base; the GCC, especially the UAE, as a processing and compliance node; and Europe as the final market governed by tightening sustainability regulation.

The paper provides quantitative trade context, sector-specific examples (steel, aluminium, petrochemicals, pharmaceuticals) and a structured view of who should care and how this should be built into corporate and investment strategy. It also includes a risk and alternative-scenario section reflecting respected sources that question whether CBAM will lead to re-routing or reduced trade volumes.

Key themes from the briefing

Policy as a supply chain design variable

CEPA is not just a tariff instrument; combined with CBAM, it pushes companies to treat policy as a first-order input into plant location, finishing steps and routing.

Three-node corridor logic

India provides manufacturing depth, GCC provides processing and regulatory intermediation, and Europe remains the high-value, high-regulation end market.

Not a one-way bet

The paper highlights respected analyses which suggest CBAM may reduce trade volumes or push production inside Europe, underscoring the need for scenario-based strategy.

Strategic actions for organisations

  • • Map current exports, emissions and tariff exposure across India, GCC and EU.
  • • Model corridor vs. non-corridor scenarios for key products.
  • • Integrate CBAM readiness into capital expenditure and sourcing strategy.
  • • Use GCC fund and corporate structures for India-linked investment strategies where appropriate.

How SwireIQ can help

SwireIQ combines policy analysis, quantitative modelling and on-the-ground deal experience across India, GCC and Europe. For clients, this briefing can be used as the basis for deeper work on corridor strategy, CBAM readiness, or capital structuring.

To discuss how this applies to your organisation, contact Swire Consulting Group or speak with your usual Swire contact.