Bilateral Goods Trade Between India and UAE Doubles as CEPA Completes Three Years
In an impressive showcase of trade relations, the Comprehensive Economic Partnership Agreement (CEPA) between India and the United Arab Emirates (UAE) has successfully doubled bilateral goods trade, reaching a remarkable $83.7 billion within just three years. This growth reflects the strong economic ties and collaborative spirit shared by the two nations.
Significant Growth in Non-Oil Exports
One of the most notable outcomes of the CEPA is the significant increase in non-oil exports. Both countries have witnessed a surge in the exchange of goods beyond oil, highlighting the diversification of their trade portfolio. From textiles to electronics, Indian products are making a mark in the UAE market, while the UAE continues to supply a variety of goods to India.
Aiming for $100 Billion in Non-Oil Trade by 2030
Looking ahead, India and the UAE have set an ambitious target to achieve $100 billion in non-oil trade by 2030. This goal is not just about numbers; it represents the growing partnership and commitment to enhancing economic collaboration. With both nations working towards this target, there are immense opportunities for businesses and entrepreneurs to explore new markets.
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Conclusion
The CEPA between India and the UAE has proven to be a game-changer, doubling trade and opening new avenues for growth. As we move towards the ambitious goal of $100 billion in non-oil trade by 2030, opportunities abound for both nations. Don’t miss out—explore the best offers with Looffers.com and be part of this exciting journey!
