ABU DHABI: In the first half of this year, non-oil trade between the UAE and India surged by 10%. This increase was highlighted during the UAE-India Business Forum held in Mumbai. The forum, organised in collaboration with the Indian Ministry of Commerce and Industry, focused on exploring new cooperation opportunities and enhancing economic ties.
Significant growth in investments was also noted. Emirati investments in India reached $3.3 billion last year, while Indian investments in the UAE exceeded $2 billion. This reflects the strong economic relationship between the two countries.
The forum aimed to benefit from the Comprehensive Economic Partnership Agreement (CEPA) and provide a platform for business leaders to discuss and explore joint ventures. The agreement has played a crucial role in boosting trade and investment flows between the UAE and India.
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Overall, the forum and the reported increase in trade demonstrate the strengthening economic partnership between the UAE and India. This underscores the effectiveness of the trade agreements and the potential for continued growth in bilateral economic relations.
