India’s non-oil exports to the UAE have grown 14% between June and August, the Commerce and Industry Ministry said, attributing the uptick to the bilateral deal between the two nations that came into effect this May.
About:
India’s global non-petroleum exports during the same period grew by just 3% on a year-on-year basis, the Ministry said, seeking to emphasise the much higher growth in such exports to the UAE which were at $5.92 billion compared to $5.17 billion a year ago.
Excluding petroleum-related imports, the imports from the UAE in the three months grew by 1% to $5.61 billion.
The sharpest jump in Indian exports to UAE was seen in sugar (up 237%), cereals (161%), vegetables (82%), inorganic chemicals (74%) and electrical machinery and equipment (67%).
The Ministry said it expects Indian exports to increase further in the coming months with increasing use of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) by exporters and a series of trade promotion events planned in the UAE.
Dear Student,
You have still not entered your mailing address. Please enter the address where all the study materials will be sent to you. (If applicable).