India, UAE aim at non-oil, non-precious metals trade worth $100 billion by 2030

Talks covered cooperation in renewable energy, digital infrastructure, supply chains and healthcare. The ministers agreed to convene the CEPA Sub-Committee on Services within two months and push for early resolution of market access and regulatory issues through the CEPA Joint Committee.Commerce and Industry Minister Piyush Goyal met UAE Minister of Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi on Aug. 29 to review progress under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) and reaffirm the goal of boosting non-oil, non-precious metals trade to $100 billion by 2030.Talks covered cooperation in renewable energy, digital infrastructure, supply chains and healthcare. The ministers agreed to convene the CEPA Sub-Committee on Services within two months and push for early resolution of market access and regulatory issues through the CEPA Joint Committee.Zeyoudi said the UAE provides India with a vital gateway to West Asia, Africa and Europe, while India welcomed regulatory facilitation, inspections and audits by UAE authorities. New regulatory steps such as the Emirates Drug Establishment were highlighted as easing concerns for Indian pharmaceutical firms.Both sides stressed the importance of the Local Currency Settlement System (INR-AED) and Bharat Mart in Dubai to support trade. On Aug. 30, the ministers co-chaired meetings with pharma and food industry representatives.In food, India’s APEDA launched the Bharati Scheme to incubate over 100 agritech start-ups and signed an MoU with DWTC making India the partner country for the 2026 Gulf Food exhibition in Dubai. UAE officials also discussed Indian concerns over high retail prices and mandatory testing for rice consignments.Also Read: Trump says India agreed to cut tariffs to nothing after calling trade ties a ‘one-sided disaster’Continue Reading(Edited by : Poonam Behura)

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