Page 2 - India-uae Trade

India-UAE non-oil trade target of $100 bn by 2030 ambitious: CII President

The target of USD 100 billion non-oil trade between India and the UAE by 2030 is ambitious but achievable as huge business opportunities are there in both the nations for sectors such as textiles, jewellery and pharma, CII President R Dinesh said on Sunday. He said that the free trade agreement between India and the UAE, which was implemented in May 2022, has resulted in a surge in bilateral trade and investments. Dinesh was here to participate in global investors' event 'Investopia' and various bilateral meetings, including with many participants at the WTO (World Trade Organisation) Ministerial Conference. "The target to achieve USD 100 billion in non-oil trade between India and UAE is ambitious but I do believe that it is achievable and recent developments are encouraging in this regard," the CII president told PTI here. He said that the agreement, officially dubbed as comprehensive economic partnership agreement, covers duty-free access to all labour-intensive sectors such as g

Cabinet approves signing of India-UAE Bilateral Investment Treaty

The government on Thursday approved the signing and ratification of a Bilateral Investment Treaty (BIT) between India and the United Arab Emirates (UAE). The pact would help promote investments between the two countries. "The Union Cabinet chaired by Prime Minister Narendra Modi, today has given its approval for signing and ratification of BIT between India and the UAE," an official statement said. The treaty is expected to improve the confidence of investors, especially large investors, resulting in an increase in foreign investments and overseas direct investment (ODI) opportunities, the statement said, adding that this may have a positive impact on employment generation. "The approval is expected to increase investments in India and is likely to help in realising the goal of Atmanirbhar Bharat by encouraging domestic manufacturing, reducing import dependence, increasing exports etc," it added. The two nations have also implemented a free trade agreement in May 2022. India rece

India-UAE aim to double non-oil trade to $100 bn by 2030: Piyush Goyal

Joint committee of officials from both sides to review terms of CEPA, which came into force on May 1, 2022

India-UAE partnership: CEPA review to focus on key data sharing

"Such trade facilitation can also help in enhancing our exports; logistics cost will also come down," the official said

CEPA: India's non-oil exports to UAE rise 5% during June-January

India exported goods worth $285.9 billion during the June-January period, up 3.1%

If delay in FTA talks, GCC nations can join India-UAE trade deal

The clause was added to the agreement to encourage other countries to join the pact, making it a regional agreement, the sources said

India flags key agri-sector issues, rice export in meet with UAE minister

India on Friday flagged to the UAE some of the issues faced by its agriculture sector, including problems faced by rice exporters, during a meeting here. S Vikramjit Singh, MP, Chair, India-Arab Council, and Member of the India-UAE Joint Task Force, met Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade of UAE and discussed various areas of bilateral cooperation. Singh said that trade with the UAE would take new dimensions with two major bilateral agreements already in place. He also flagged issues faced by the Indian agriculture exporters to the Gulf nation. Major discussions took place between both sides regarding trade between India and the UAE after the conclusion of the Comprehensive Economic Partnership Agreement (CEPA) and the Free Trade Agreement (FTA), Singh said in a statement. Singh, a member of the India-UAE Joint Task Force, flagged the key issues faced by the agriculture sector regarding the rejection of rice exports from India due to the presence of

Consortium of Indian oil companies to acquire 10% stake in UAE's ADNOC

The consortium is led by ONGC Videsh Ltd (OVL) and includes companies like Indian Oil Corporation Ltd (IOCL), Bharat PetroResources Ltd (BPRL) and Oil India Ltd (OIL)

India's campaign for rupee trade finds fans from Russia to UAE

A greater use of the rupee in tea trade is an encouraging sign, but it's unlikely to boost the currency's status in a major way

India-UAE free trade pact comes into force; to facilitate duty-free exports

In a symbolic gesture for operationalising the agreement, Commerce Secretary BVR Subrahmanyam handed over Certificates of Origin to three exporters from the gems and jewellery sector here

TMS Ep139: UAE free-trade, Anshuman Magazine, ITC stock, drone-as-a-service

What are the implications of opening up govt procurement to UAE firms? What is Anshuman Magazine's take on real estate? How did ITC stock outperform peers? What's drone-as-a-service? All answers here

Can opening of procurement market to UAE firms lead to a tricky situation?

India has finally inked free-trade agreement with UAE. Delhi has extended 'national treatment' status to UAE firms in bidding for central govt tenders. Why has it raised concerns in several quarters?

Why is the trade deal with UAE a significant step for India?

India signed a comprehensive free trade agreement with UAE on Friday. What does this trade agreement mean for New Delhi and what the govt is planning to achieve through this? Find out in this report

TMS Ep114: UAE trade deal, Monish Darda, markets, Spectrum Charge

Why is trade deal with UAE significant for India? What is Monish Darda's take on Icertis's opportunities? How should retail investors ride Ukraine crisis? What is One-Time Spectrum Charge? Listen in

Gem and Jewellery sector to benefit from India-UAE CEPA: Commerce Secretary

The CEPA signed between India and the UAE will give a big boost to the gems and jewellery sector and help create more than one million jobs, Commerce Secretary B V R Subrahmanyam said on Saturday.

India-UAE trade pact to boost clothing exports, employment, say exporters

Implementation of the comprehensive free trade agreement between India and the UAE would help boost the country's exports and creation of lakhs of jobs, according to exporters.

'SMEs and startups will benefit from India-UAE CEPA', says FICCI

The CEPA signed between India and UAE on Friday will lead to opening doors to new opportunities for trade and investments between two countries and benefit SMEs and startups, FICCI said on Saturday.

India, UAE trade pact to boost trade to $100 bn in 5 years: Piyush Goyal

The comprehensive free trade agreement signed between India and the UAE would help two-way commerce reach the USD 100 billion mark in over five years, Commerce and Industry Minister Piyush Goyal said

India, UAE entering golden era of economic, trade cooperation: Piyush Goyal

India and UAE have collaborated closely during the Covid pandemic in critical areas of healthcare and food security

UAE and India to sign trade and investment deal on Friday

The United Arab Emirates and India will sign a trade and investment agreement on Friday during a virtual summit attended by the countries' two leaders, the UAE and Indian local media said.