UAE, India explore ways to maximise benefits of CEPA

emirates7 - Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, highlighted the significance of the UAE’s economic ties with India during an official visit to Mumbai. During his visit, he held bilateral discussions with Shri Piyush Goyal, India’s Minister of Industry and Commerce, and engaged with key figures from India’s business community.

The talks with Minister Goyal focused on the achievements of the UAE-India Comprehensive Economic Partnership Agreement (CEPA), which came into effect in 2022, and explored sectors that could maximize the agreement’s market access benefits. Al Zeyoudi also met with stakeholders from the logistics, agriculture, healthcare, and technology sectors and participated in a business roundtable organized by the Confederation of Indian Industry (CII), the Federation of Indian Chambers of Commerce and Industry (FICCI), and the Associated Chambers of Commerce and Industry of India (ASSOCHAM). These discussions aimed to align priorities and further promote trade and investment between the two nations.

Al Zeyoudi stressed the strength of UAE-India economic ties and the value of direct dialogue in enhancing cross-border collaboration. He noted, “This visit highlights our shared economic goals and the untapped potential in our relationship. CEPA has played a key role in boosting trade and investment by improving market access, increasing industrial productivity, and facilitating cooperation across priority sectors. In the first half of 2025, our bilateral non-oil trade reached US$37.6 billion—a 33.9% increase from the same period last year—demonstrating significant progress toward our 2022 targets. Leveraging our complementary strengths will continue to broad opportunities for our private sectors.”

During his visit, Al Zeyoudi also toured Bharat Mart, a 2.7 million square-foot facility in the Jebel Ali Free Zone (Jafza), operated by DP World. The complex will allow Indian manufacturers and exporters to showcase their products while taking advantage of the UAE’s strategic position as a global trading hub to access markets across the Middle East, Africa, and Europe.

He further met with leaders from the pharmaceutical and food sectors to review export performance, address concerns, explore opportunities to expand bilateral trade, and identify new areas for collaboration.

The visit concluded with a reception dinner with Indian industry and business leaders, reinforcing ties and promoting private sector cooperation. Overall, the trip underscored both countries’ commitment to continued economic growth and mutual prosperity.