Strengthening India-UAE Trade Relations: A Vision for 2030

 


India and the UAE are charting a bold path to deepen their economic partnership, setting an ambitious trade target of $100 billion by 2030, with a strong focus on non-oil and non-precious metals sectors. This vision highlights a commitment to fostering sustainable growth, investment, and innovation.

Key sectors driving this initiative include pharmaceuticals, Ayurveda, and healthcare research. Efforts are underway to accelerate drug approvals and expand India’s Ayurveda offerings to meet the rising demand for health and wellness products in the UAE. Both nations are also encouraged to collaborate on research and innovation to strengthen the quality and reach of medical products.

The Comprehensive Economic Partnership Agreement (CEPA) serves as a cornerstone of this vision, streamlining trade processes, reducing barriers, and creating opportunities across diverse sectors. By leveraging their respective strengths, India and the UAE are building a long-term framework for strategic cooperation that ensures mutual prosperity and resilience in a dynamic global economy.

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