Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said the value of bilateral non-oil trade between UAE and India reached US$45.5 billion—a 6.9 per cent rise from the previous 12-month period, despite downturn in global trade in Q3 and Q4 2022. Addressing the launch of CEPA Beyond Trade in Abu Dhabi, Dr. Al Zeyoudi said bilateral trade rose in Q1 of 2023 with UAE non-oil exports to India climbing 33 per cent. Dr. Al Zeyoudi said, “One of the central goals of the UAE-India CEPA is to increase the flow of goods and services and stimulate key export sectors between the two nations. These figures underline the pace of our progress. The UAE and India have created an alliance for growth, a platform for cooperation and economic integration in the long term. Rajesh Kumar Singh, Secretary of India’s Department for Promotion of Industry and Internal Trade, spoke after Dr. Al Zeyoudi. He commended the UAE-India ties’ transparency since the beginning of CEPA talks, which he reiterated, are essential ingredients for a successful partnership.
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