$U,V$ are unitary $n\times n$ matrices, and the norm is the operator norm (so we can use $\|UV\|\leq\|U\|\|V\|$).
I've noticed that \begin{align} \|UVU^{-1}V^{-1}-I\|&= \|(UV-VU)U^{-1}V^{-1}\|\\ &\leq \|UV-VU\|\|U^{-1}V^{-1}\| \end{align}
I can bound the first term by $\|UV\|+\|VU\|$, but I don't think this is useful.
Hints (rather than complete answers) would be appreciated.
The question comes from here (exercise 1)