NEW DELHI: India has announced plans to strengthen its Comprehensive Economic Partnership Agreement with the UAE, aiming to boost non-oil bilateral trade to $100 billion by 2030, amid changing global trade dynamics and sharp increases in US tariffs.
UAE Foreign Trade Minister Thani Al-Zeyoudi visited India over the weekend for talks with Commerce Minister Piyush Goyal and business leaders in Mumbai.
“The meeting reviewed the progress made under CEPA and reaffirmed the shared vision of expanding bilateral trade towards the target of USD 100 billion non-oil, non-precious metals trade by 2030,” India’s Ministry of Commerce and Industry said in a statement on Monday.
“Discussions included collaboration in emerging sectors such as renewable energy, digital infrastructure, supply chain resilience, and healthcare.”
The ministers co-chaired meetings with representatives of the pharmaceutical and food sectors.
