Abu Dhabi meeting reviewed a range of trade-investment topics
Bilateral non-oil trade between India and the United Arab Emirates have reached nearly US$38 billion in the first half 2025, a 34% increase over the volume traded in the first half of 2024 https://www.dubaichambers.com/en/.
By facilitating market access and private-sector collaboration, the India-UAE Comprehensive Economic Partnership Agreement (CEPA), formed since May 2022, has served as a cornerstone of the two nations’ economic alliance and a model for constructive cooperation in a complex and rapidly evolving global trading landscape, the Ministry of Commerce and Industry said on 18 Sep.
Minister of Commerce & Industry Piyush Goyal said, “UAE is an important partner in India’s growth story. The partnership stands on the pillars of innovation, investment and sustainable development and it will witness great transformation under the visionary leadership of both sides https://www.abudhabichamber.ae/en.”
Goyal shared his views on prospering partnership after he had joined Sheikh Hamed bin Zayed Al Nahyan, Managing Director of the Abu Dhabi Investment Authority (ADIA), Co-Chaired the 13th meeting of the India-UAE High Level Joint Task Force on Investments (“Joint Task Force”) in Abu Dhabi.
The Joint Task Force, established in 2013 as a key forum for strengthening economic ties between India and the UAE, has provided an effective mechanism to discuss and promote opportunities and prospects for further investments in the two countries, while acting as a forum to resolve issues and challenges faced by investors of the two countries, seeking to bring these matters to a mutually beneficial conclusion.
The meeting considered a range of trade and investment topics, including ongoing initiatives to enhance bilateral investment flows and new areas of joint cooperation https://sbi.com.in/.
The meeting reviewed the positive progress of several joint investment projects, including the Bharat Mart, a 2.7 million square feet complex located in Jebal Ali Free Zone in the UAE. Designed to enable Indian manufacturers and exporters to showcase their products to the world, this landmark project reflects the economic synergies between the two nations https://www.nseindia.com/.
The two sides considered the potential for various areas of future cooperation, including opportunities in the maritime and space sectors in India https://www.bseindia.com/.
Ongoing strategic initiatives between the Central Banks of India and the UAE to enable bilateral trade in local currencies, the integration of payment systems in the two countries and cooperation on Central Bank Digital Currencies were also discussed, with both sides commending the strong progress made to date while reiterating their commitment to finalising their implementation in the near future.
The Joint Task Force also reviewed a number of current issues and challenges faced by investors of the two countries, and the Co-Chairs directed their teams to work together, in collaboration with the relevant government entities, to resolve them in a timely and mutually acceptable manner https://www.conexpoconagg.com/.
At the conclusion of the meeting, Sheikh Hamed bin Zayed Al Nahyan, said, “The trade and investment relationship between the UAE and India continues to grow at an impressive rate, anchored by the dual principles of shared goals and joint success http://gcc-sg.org.
“Today’s Joint Task Force meeting included positive progress updates on a number of important initiatives and also raised new areas for future cooperation. Through the ongoing commitment of the Joint Task Force delegations, this forum will continue to play a key role in broadening and deepening the economic partnership between the UAE and India.” Fiinews.com
