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CEPA boosts India, UAE trade; food security in focus

2025-04-30 08:45:03| Spiritual Career Counseling

SynopsisTrade between India and the UAE surged 14.76% to $83.64 billion in 2023-24, benefiting from the Comprehensive Economic Partnership Agreement. India's exports to the UAE increased significantly by 27.03%, while UAE's exports to India grew 7.09%. Major investments and initiatives, such as the $7 billion UAE India Food Security Corridor, are set to enhance mutual economic ties further.AgenciesNew Delhi: Trade between India and the United Arab Emirates increased 14.76% year-on-year in 2023-24 to $83.64 billion, the first full financial year since the implementation of the Comprehensive Economic Partnership Agreement (CEPA), according to the annual report of the UAE India CEPA Council. While India's exports to the UAE surged 27.03%, the UAE's exports to India went up 7.09% from 2022-23. CEPA, which came into force on May 1, 2022, helped reduce trade barriers and facilitate growth, said the report.Trade between India and the UAE has grown from a modest $180 million annually in the 19...


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