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Bilateral goods trade between India & UAE doubles as CEPA completes three years

Bilateral goods trade between India & UAE doubles as CEPA completes three years

February 18, 2025

The India-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (CEPA) has proven to be a significant driver of trade growth between the two countries as it completes three years. Bilateral merchandise trade between India and the UAE has nearly doubled in this period, rising from $43.3 billion in FY21 to $83.7 billion in FY24, according to a statement from the commerce ministry.

In the first nine months of FY25, trade has already reached $71.8 billion. This surge has been driven by CEPA’s focus on diversifying the trade basket, with non-oil trade reaching $57.8 billion in FY24, accounting for more than half of the total trade. Both countries are on track to hit the target of $100 billion in non-oil trade by 2030, as per the commerce ministry.

India exports a range of goods to the UAE, with refined petroleum products, chemicals, and gems and jewellery being key items. Other significant exports include pharmaceuticals, textiles, garments, and agricultural products such as rice, pulses, and spices.

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