Non-oil trade between the UAE and India is expected to exceed $50 billion this year, aiming to achieve their goal of reaching $100 billion by 2030 after signing a major economic pact.
In the first 11 months of the Comprehensive Economic Partnership Agreement (Cepa) between the two countries — between May 1, 2022 and March 31, 2023 — bilateral non-oil trade reached $45.5 billion, Dr Thani Al Zeyoudi, Minister of State for Foreign Trade, told the Annual Investment Meeting (AIM) conference in Abu Dhabi on Monday.
This was a 7 per cent increase from the same period a year ago, he added.
“We’re going to exceed $50 billion for sure this year for non-oil trade and this means we’re moving towards the right direction of $100 billion by 2030 … we’re going to push by all means to ensure that we hit the target even earlier,” Dr Al Zeyoudi told The National on the sidelines of the AIM.
“You…
