This was after the signing of the Comprehensive Economic Partnership Agreement
Bilateral non-oil trade between India and the UAE has grown by 16 per cent to US$50 billion since the signing of the Comprehensive Economic Partnership Agreement (CEPA). This is reported by ANI, a partner of TV BRICS.
The goal of the authorities of both states is to approach $100bn by the end of this decade, the publication notes.
The UAE-India CEPA Council (UICC), in collaboration with the Confederation of Indian Industry (CII), held a business roundtable for exporters from Chennai to promote the economic partnership.
The roundtable was attended by over 20 trade participants from various sectors such as logistics, automotive, agriculture and healthcare. The roundtable provided a platform for business owners to discuss opportunities to benefit from CEPA and bilateral strategic partnership.
CEPA is an agreement signed on 18 February 2022 during a virtual summit between Prime Minister Narendra Modi and UAE President Mohamed bin Zayed Al Nahyan. The treaty came into force on 1 May 2022.
Among the key products that have seen significant growth in bilateral trade are listed: mineral fuels, electrical equipment (especially telephone equipment), gems and jewellery, essential oils and cosmetics, rice, coffee and tea, and spices.
Photo: IStock
-
![]()
Economy21.08.26India targets US$100 billion gems and jewellery exports by 2040 -
![]()
Economy21.08.26Prime Minister of Ethiopia: country’s digital ID system to boost GDP by 7% -
![]()
Economy20.08.26Planet’s food factory: how Brazil is transforming global agricultural trade and trade within BRICS -
![]()
Economy20.08.26India leads global coconut production with 31.24% of world output -
![]()
Economy20.08.26Iran and Belarus move to deepen agricultural trade and joint investment -
![]()
Economy19.08.26Belarus’s Brest Region expands food exports by 26.7%
-
![Dilma Rousseff]()
Dilma RousseffPresident of the New Development Bank"India’s BRICS Presidency this year gives special significance to our discussion. NDB stands ready to be a trusted partner in turning commitments on sustainability, clean energy, smart and resilient infrastructure into concrete results on the ground. […] For NDB, mobilising private capital is a strategic imperative. Created by the BRICS founding members, NDB is a bank of the Global South, for the Global South, mandated to mobilise resources for infrastructure and sustainable development" -
![Sihasak Phuangketkeow]()
Sihasak PhuangketkeowDeputy Prime Minister and Minister of Foreign Affairs of Thailand"BRICS can play a very important role in maintaining the free flow of trade and investment. The group can also be a vehicle for all of us to engage and to look at economic opportunities"
