Thani bin Ahmed Al Zeyoudi, the UAE’s Minister of Foreign Trade, has met with the Indian Business Council in Abu Dhabi to explore new avenues for strengthening economic ties and expanding private sector collaboration between the two countries. This is reported by
Emirates News Agency (WAM), a partner of TV BRICS.
The talks are part of efforts to maximise the benefits of the Comprehensive Economic Partnership Agreement (CEPA), which came into force in 2022 and has played a key role in driving trade and investment growth. Non-oil trade between the UAE and India reached US$65 billion in 2024, marking a 19.7 per cent increase compared to the previous year.
“India is an essential partner in the UAE’s trade landscape. Today’s discussions were centered on maximising the benefits of our CEPA to foster deeper collaboration between our vibrant private sectors,” Al Zeyoudi said.
Since its signing, CEPA has opened new opportunities in sectors such as agriculture, renewable energy, and logistics, while also reducing trade barriers. It remains the first such agreement concluded under the UAE’s wider trade programme.
Highlighting recent initiatives, Al Zeyoudi pointed to the launch of the India-UAE Start-Up Series, which provides entrepreneurs with access to each other’s markets. Other steps include streamlining cross-border payments and creating the UAE-India CEPA Council to oversee the partnership’s implementation.
Officials noted that the agreement continues to strengthen bilateral trade flows and private sector cooperation, reinforcing the UAE and India’s positions as leading partners in the global economy.
Photo: seb_ra /
iStock
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