Ahmedabad / New Delhi, Jan 10 (Agency) Stating that bilateral trade has increased under the India-UAE Comprehensive Economic Partnership Agreement (CEPA), Commerce and Industry Minister Piyush Goyal on Wednesday said that both the countries aspire to expand their bilateral trade to US$ 100 billion. While addressing at the ‘UAE India Business Summit’ held at the 10th edition of Vibrant Gujarat Global Summit in Gandhinagar today, the Minister underscored the multifaceted nature of the India-UAE partnership, encompassing collaborations in space exploration, security, education, and climate action.
He highlighted key collaborations such as the India-Middle East-Europe economic corridor and initiatives to promote Rupay and facilitate direct trade between rupee and dirham. Goyal expressed his gratitude to the Minister of State for Foreign Trade, UAE Dr. Thani bin Ahmed Al Zeyoudi; and Chairman and CEO of DP World Group, Sultan Ahmed bin Sulayem for their ‘invaluable contributions’ to fostering the enduring friendship between India and the UAE. Drawing attention to defense, cultural, and economic relations between the two nations, Goyal lauded the UAE’s political stability, business-friendly policies, and infrastructural advancements as conducive factors for mutual growth and prosperity.