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UAE-India non-oil trade surged 10% in H1-2024: Minister

UAE-India non-oil trade surged 10% in H1-2024: Minister
10 Sep 2024 22:29

MUMBAI (WAM)

Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that non-oil trade between the UAE and India surged 10 percent in the first half of the year.

Speaking to WAM during the UAE-India Business Forum held in Mumbai on Monday, organised by the Ministry of Economy and the UAE Embassy in New Delhi in cooperation with the Indian Ministry of Commerce and Industry, the minister highlighted the substantial growth in Emirati investments in India.

These investments, he explained, reached a remarkable $3.3 billion last year, while Indian investments in the UAE exceeded $2 billion, demonstrating the strong economic ties between the two countries.

The minister added that one of the objectives of the forum is to explore joint cooperation opportunities and continue to benefit from the Comprehensive Economic Partnership Agreement among business leaders and companies in both countries.

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