As the India-UAE Comprehensive Economic Partnership Agreement (CEPA) marks its third anniversary, trade between the two nations has witnessed remarkable growth. Over the past three years, bilateral trade has nearly doubled, reaching $83.7 billion in 2024 compared to $43.3 billion in 2021. In the first three quarters of the 2024-25 financial year alone, trade stood at $71.8 billion, highlighting the strong economic ties between the two countries. The UAE, which recently signed a similar agreement with Ukraine, aims to expand its CEPA partnerships further.<\/p>
India\u2019s exports to the UAE have seen significant growth, particularly in non-oil sectors. In the 2023-24 financial year, non-oil exports were recorded at $27.4 billion, with exports of electrical machinery, smartphones, and chemicals rising by 25.6%. India\u2019s key exports include refined petroleum products, gems, jewellery, pharmaceuticals, textiles, rice, and spices, while major imports from the UAE consist of crude oil, LNG, petroleum products, diamonds, and gold.<\/p>
Both nations have set an ambitious target of $100 billion in non-oil trade by 2030, further strengthening their economic partnership. The CEPA agreement has played a crucial role in boosting trade, facilitating smoother transactions, and encouraging investment. With growing trade volumes and diversification of exports, the India-UAE economic relationship is set to flourish in the coming years.<\/p>","protected":false},"excerpt":{"rendered":"
As the India-UAE Comprehensive Economic Partnership Agreement (CEPA) marks its third anniversary, trade between the two nations has witnessed remarkable growth. Over the past three years, bilateral trade has nearly doubled, reaching $83.7 billion in 2024 compared to $43.3 billion in 2021. In the first three quarters of the 2024-25 financial year alone, trade stood […]<\/p>\n","protected":false},"author":4,"featured_media":2402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87],"tags":[],"class_list":{"0":"post-2401","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uae-en"},"acf":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/kuwaitnewslive.com\/en\/wp-json\/wp\/v2\/posts\/2401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kuwaitnewslive.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kuwaitnewslive.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kuwaitnewslive.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/kuwaitnewslive.com\/en\/wp-json\/wp\/v2\/comments?post=2401"}],"version-history":[{"count":1,"href":"https:\/\/kuwaitnewslive.com\/en\/wp-json\/wp\/v2\/posts\/2401\/revisions"}],"predecessor-version":[{"id":2403,"href":"https:\/\/kuwaitnewslive.com\/en\/wp-json\/wp\/v2\/posts\/2401\/revisions\/2403"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kuwaitnewslive.com\/en\/wp-json\/wp\/v2\/media\/2402"}],"wp:attachment":[{"href":"https:\/\/kuwaitnewslive.com\/en\/wp-json\/wp\/v2\/media?parent=2401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kuwaitnewslive.com\/en\/wp-json\/wp\/v2\/categories?post=2401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kuwaitnewslive.com\/en\/wp-json\/wp\/v2\/tags?post=2401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}