Today: 4 August 2025
15 July 2023
1 min read

In 10 years, UAE-India trade stood at Dh1.41 Tn

During the past ten years (2013-2022), the trade growth rate between the two countries amounted to 18.2 percent, from AED 159.72 billion to AED188.8 billion last year, to reach AED1.41 trillion in 10 years…reports Asian Lite News

The significant growth in the volume of non-oil trade between the UAE and India signifies the positive progress of the Comprehensive Economic Partnership Agreement (CEPA), more than a year after it entered into force, which puts it on the right track to deliver the target of reaching US$100 billion in non-oil trade annually over the next five years.

During 2020-2022, the volume of non-oil trade exchange between the UAE and India has grown by 84 percent, from AED102.5 billion to AED188.8 billion last year, according to data from the Federal Competitiveness and Statistics Centre.

During the past ten years (2013-2022), the trade growth rate between the two countries amounted to 18.2 percent, from AED 159.72 billion to AED188.8 billion last year, to reach AED1.41 trillion in 10 years.

The UAE-India CEPA represented a platform for joint growth and constructive collaboration to increase the strategic importance of the two countries’ economies, stimulate the flow of mutual investments, and provide opportunities for the business communities in the two countries, which stimulates economic prosperity in both countries, as it is a partnership for sustainable growth.

In the period from May 2022 to April 2023, the first 12 months of the entry into force of the agreement, the value of bilateral non-oil trade amounted to US$50.5 billion, a growth of 5.8 percent over the same period last year, so that the partnership achieved distinguished and positive economic results that enhanced the increase in the flow of trade exchange between the two countries.

The UAE-India CEPA played a vital role in strengthening joint economic and trade relations towards further growth and prosperity, and creating a momentum of opportunities for the Emirati and Indian business communities.

The foreign trade between the two countries last year was represented in re-exports at a value of AED 48.4 billion and non-oil exports stood at AED 40.2 billion, while imports amounted to AED100.1 billion.

ALSO READ-IIT Delhi to set up first global campus in Abu Dhabi

Previous Story

Lulu Chief Welcomes Modi

Next Story

‘India’s G20 presidency will play key role in climate fight’

Latest from -Top News

US Mulls Terror Tag for Muslim Brotherhood

The US’ plan to designate the Muslim Brotherhood as a terrorist group comes after a bipartisan bill was introduced by Republican Congressman…reports Asian Lite News The US is once again edging closer

Hamas Sets Terms For Disarmament

HAMAS: ‘The resistance and its weapons will not be abandoned until our full national rights are restored, foremost among which is the establishment of an independent, fully sovereign Palestinian state’ Hamas affirmed

Statehood For Palestine

Analysts see the general move as a deliberate push to revive a stagnant peace process long controlled by Israel, Hamas and the United States, all of whom, they say, have shown little

IBPC Dubai charts new growth path

Former Tata Motors CEO Ravi Kant headlines exclusive event as Indian business council sets course for transformation….reports Asian Lite News The Indian Business & Professional Council (IBPC) Dubai has signalled a significant

Miles in the Malls!

Dubai Mallathon kicks off today – The emirate’s biggest malls transform into indoor fitness arenas, inviting residents to walk, run, and win — all while staying cool, healthy, and community-connected….reports Asian Lite
Go toTop

Don't Miss

France National Day celebrated at Expo 2020

France National Day was celebrated in the presence of Le

The National trains young Arab Media Leaders on professional interview skills

Leading UAE newspaper “The National” Trains Young Arab Media Leaders