In a resounding endorsement of strategic trade pacts, Commerce Minister Piyush Goyal revealed that the India-UAE CEPA has propelled goods trade beyond $100 billion within four years. Speaking on social media platform X, Goyal painted a picture of burgeoning opportunities for Indian enterprises.
The agreement, now a cornerstone of bilateral relations, has fortified economic collaboration across multiple fronts. Indian farmers, small and medium enterprises (MSMEs), and major players are reaping rewards from expanded market access and reduced barriers.
Goyal noted, “Bilateral merchandise trade has firmly crossed $100 billion, while services trade continues its upward trajectory, unlocking new markets and higher profits.” This momentum is evident in high-growth areas such as precious stones, machinery, tech products, and farm exports.
Mutual investments are another highlight, with FDI from UAE flooding into India and Indian capital venturing abroad. These developments not only benefit direct stakeholders but also elevate India’s competitive edge worldwide.
On the same day, Goyal engaged in talks with UK counterpart Peter Kyle via video call. The agenda focused on maximizing gains from the India-UK CETA, signaling India’s proactive diplomacy in global trade arenas.
This era of CEPA-driven progress marks a new chapter, where Indian businesses are poised to conquer international horizons with confidence and scale.
