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India-UAE Trade Crosses $100 Billion as CEPA Joint Committee Holds Third Meeting
According to the Ministry of Commerce, India and the UAE (India-UAE Trade) held the third meeting of the Joint Committee under the CEPA. Trade between the two countries exceeded $100.06 billion in FY24-25, representing a growth of 19.6%. Issues such as market access, data sharing, and gold TRQs were discussed at the meeting. Both countries reiterated their commitment to increase non-oil trade to $100 billion by 2030.
The third meeting of the Joint Committee under the India-UAE Comprehensive Economic Partnership Agreement was successfully concluded between India and the UAE, the Ministry of Commerce and Industry said on Thursday.
According to the Ministry, the meeting was co-chaired by Ajay Bhadoo, Additional Secretary, Department of Commerce, and Juma Al Qait, Assistant Additional Secretary, International Trade Affairs, UAE. Trade between the two countries surpassed $100.06 billion (₹8.93 lakh crore) in FY24-25, representing a robust growth of 19.6 percent. This achievement makes the UAE one of India's key trading partners.
The two sides reviewed progress under the CEPA. Issues related to market access, data sharing, allocation of Gold TRQs, anti-damming matters, services, rules of origin, BIS licensing, etc. were discussed in detail. India also informed the UAE about its recent decision to allocate Gold TRQs to the UAE through a transparent competitive bidding process.
Recent high-level meetings were reviewed between the two sides, including those between Union Minister of Commerce and Industry Piyush Goyal and UAE Minister of Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi in Mumbai and Dubai. They reiterated their shared commitment to the goal of increasing non-oil/non-precious metals trade to $100 billion by 2030.
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The meeting was concluded by the two sides agreeing on the strengthening of trade facilitation, regulatory cooperation, data sharing, and holding a meeting of the Services Subcommittee. The UAE delegation also met Commerce Secretary Rajesh Aggarwal, where both sides discussed issues related to the optimal use of CEPA.
The visit by the UAE delegation reflects the commitment of the two countries towards enhancing the trade balance, expanding market opportunities, and deepening the strategic partnership under CEPA.
