India-UAE trade up 5.8% on-year in first 12 months of trade pact

Bilateral non-oil trade between India and the United Arab Emirates (UAE) reached $50.5bn in the first 12 months of the countries’ Comprehensive Economic Partnership Agreement (CEPA), up 5.8% on year. The two sides have doubled their non-petroleum trade target to $100 billion by 2030 from the earlier anticipated $48 billion. The first meeting of the joint committee of India-UAE CEPA reaffirmed the countries’ commitment to working together and enhancing trade in services, MSMEs, startups and women entrepreneurs.

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