India-UAE Economic Partnership: Boosting Trade and Investment

 



The India-UAE Comprehensive Economic Partnership Agreement (CEPA) has been a major success since it came into force in May 2022. Bilateral non-oil trade reached $50.5 billion in the first 12 months of CEPA, representing a growth of 5.8 percent. The two countries are aiming to achieve the target of $100 billion in non-oil trade by 2030.

The 11th meeting of the India-UAE high level joint task force on investments, which was co-chaired by Commerce Minister Piyush Goyal and Managing Director of Abu Dhabi Investment Authority (ADIA) Sheikh Hamed bin Zayed Al Nahyan, reviewed the progress made on the implementation of CEPA and discussed ways to further boost trade and investment between the two countries.

The India-UAE economic partnership is growing stronger by the day. CEPA has been a major success, and the two countries are working together to further boost trade and investment. The India-UAE bilateral investment treaty, the Fast Track Mechanism, the India-UAE Start-Up Bridge, and the Abu Dhabi – India Virtual Trade Corridor are all important initiatives that will help to deepen the economic relationship between the two countries.

These initiatives have the potential to support innovation and entrepreneurship, and to make it easier for businesses to trade and invest across borders.

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