Team Blitz India
ABU DHABI: India and the United Arab Emirates (UAE) are fast moving towards the target of $100 billion non-oil trade by 2030, according to the Ministry of Commerce and Industry.
The progress of Comprehensive Economic Partnership Agreement (CEPA) was reviewed in the 11th meeting of the UAE-India High Level Joint Task Force on investments held on October 5.
It was co-chaired by His Highness Sheikh Hamed bin Zayed Al Nahyan, the Managing Director of Abu Dhabi Investment Authority (ADIA), and Piyush Goyal, Minister of Commerce and Industry.
In the first 12 months of the (CEPA) between the two countries, bilateral non-oil trade reached $50.5 billion, representing a growth of 5.8 per cent compared to the corresponding period a year earlier, the statement from the Ministry added.
The Joint Task Force delegations discussed the status of negotiations for India-UAE Bilateral Investment Treaty, underscoring the need to accelerate discussions for an early conclusion of an agreement that benefits both countries and their investors.
