INDIA-UAE TRADE RELATIONS

Sept. 26, 2022

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.

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  • 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.
Source : The Hindu

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