26 September 2022, Mumbai:
Post India- UAE CEPA, India’s non-petroleum exports to UAE grow by 14% Year-on-Year from June-August 2022. The month of May has not been included for the purpose of the analysis as it is considered as a transitory period.
Indian exports are likely to increase further in the coming months with increasing use of the CEPA by the exporters and with dedicated efforts from the Department of Commerce, in association with the Indian Mission in the UAE, through organization of a series of trade promotion events in the UAE during the current Financial Year.
The India-UAE Comprehensive Economic Partnership Agreement (CEPA) which came into effect on the 1st of May 2022 is already creating a significant positive impact on India-UAE trade.
Indian exports to the UAE, excluding petroleum products grew from US$ 5.17 billion in June-August 2021 to US$ 5.92 billion in June-August 2022, which denotes an increase of 14%.
(CREDITS: PIB)
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