ENA Global 2025-09-01 17:23:06 <p><span style="font-size:14px"><strong>New Delhi, Sep 1 (KNN)</strong> India and the United Arab Emirates (UAE) have reaffirmed their commitment to deepen economic cooperation, with a focus on expanding bilateral trade and investment in sectors including infrastructure, energy, and technology.</span></p> <p><span style="font-size:14px">Union Commerce and Industry Minister Piyush Goyal announced the development in an X post following discussions with UAE Minister of Foreign Trade, Dr. Thani Al Zeyoudi. </span></p> <p><span style="font-size:14px">Our discussions focused on expanding bilateral trade and investment in key sectors such as infrastructure, energy and technology. We reaffirmed our shared commitment to deepening the India-UAE partnership and unlocking new avenues of growth together, Goyal stated in the X post.</span></p> <p><span style="font-size:14px">The talks build on the success of the Comprehensive Economic Partnership Agreement (CEPA), which marked three years in February. </span></p> <p><span style="font-size:14px">Since its signing, bilateral merchandise trade has nearly doubled&mdash;from USD 43.3 billion in FY 2020-21 to USD 83.7 billion in 2023-24, according to the Ministry of Commerce and Industry.</span></p> <p><span style="font-size:14px">In the current fiscal year up to January 2025, trade has already reached USD 80.5 billion. </span></p> <p><span style="font-size:14px">Non-oil trade, a key priority under CEPA, stood at USD 57.8 billion in FY 2023-24, accounting for over half of the total trade and moving closer to the USD 100 billion target for 2030.</span></p> <p><span style="font-size:14px">Indias non-oil exports to the UAE reached USD 27.4 billion in FY 2023-24, recording an average annual growth of 25.6 percent since CEPA came into effect. </span></p> <p><span style="font-size:14px">Since the implementation of CEPA, nearly 2,40,000 Certificates of Origin have been issued, facilitating exports worth USD 19.87 billion to the UAE under preferential duties.</span></p> <p><span style="font-size:14px">The agreement has been credited with empowering MSMEs, creating employment opportunities, and diversifying Indias export basket to the UAE.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 43352 https://knnindia.co.in/news/newsdetails/global/india-uae-trade-doubles-since-cepa-commitment-reaffirmed-to-expand-trade-investment-piyush-goyal 2025-09-01 17:23:06 knnindia.co.in