"Foreign trade" The Indian Business and Professions Council discuss ways to empower the private sector in the two countries

Dubai, September 4/ WAM/ His Excellency Dr. Thani bin Ahmed Al -Zyoudi, Minister of Foreign Trade, with the delegation of the Indian Business and Professions Council in Dubai, discussed ways to enhance economic ties and cooperation between the two countries and achieve the maximum benefit from the comprehensive economic partnership agreement through a greater empowerment of the private sector in the two countries.

The meeting came within the periodic meetings between the two sides that aim to continue to improve commercial and investment relations, and to open broader horizons that achieve economic growth and joint prosperity.
The UAE and the Republic of India are seeking to enhance the benefit of the private sector and business community in the two countries from the comprehensive economic partnership agreement that has entered into force since May 2022, and has been positively reflected on mutual commercial and investment flows, as non -oil -oil trade has continued its prosperity since then, thanks to this agreement.
His Excellency Al -Zyoudi stressed, during the meeting, on the position of India as a historic commercial partner for the UAE, noting that the value of non -oil trade between the UAE and India amounted to 65 billion US dollars during the year 2024, achieving a strong growth of 19.7% compared to the previous year.
His Excellency said that India is an essential partner in the commercial scene of the UAE, while discussions focused on ways to maximize the benefit of the comprehensive economic partnership agreement, which enhances cooperation and provides broader opportunities to build new partnerships between the business community and the private sector in the two friendly countries.
The comprehensive economic partnership agreement with India is the first agreement to be signed within the program of comprehensive economic partnership agreements aimed at achieving the ambitious goals of the non -oil foreign trade of the UAE.

The agreement was an essential incentive to discover the opportunities for integration and open new areas for cooperation in trade and investment across multiple sectors, including agricultural production, renewable energy and logistical services.
Regarding the progressive progress since the signing of the agreement, His Excellency Al -Zyoudi referred to a number of major initiatives that embody the commitment of the two sides to growth and joint opportunities, saying that since the beginning of this year, the two sides have worked together with the spirit of one team to launch the series of startups between India and the Emirates, to support entrepreneurs and enable them to enter the markets of both countries.

He added that the work began on the “Mart Spices” project, which is a huge complex in the UAE that aims to enable Indian manufacturers and exporters to reach global markets, and in addition, work is done to develop border payment solutions and integrate payment systems, and the comprehensive economic partnership council has been launched between the UAE and the Republic of India to ensure the full benefit from the opportunities available under the umbrella of the agreement.

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