India-UAE Partnership Summit held, underscores economic partnerships for joint growth

India-UAE Partnership Summit held, underscores economic partnerships for joint growth

The India-UAE Partnership Summit was held in Dubai on January 24. Indian and UAE officials attending the summit stressed the need to build new economic partnerships to drive the two countries’ strategic’ development plans.

The summit, held at Dubai Chambers’ headquarters, was inaugurated by Piyush Goyal, India’s Minister of Commerce & Industry.

During his keynote remarks, the minister noted that the UAE-India Comprehensive Economic Partnership Agreement (CEPA) had enhanced key sectors such as food and agriculture products, as well as gems and jewellery.

Read: India’s gem, jewellery exports up by 8.26% after CEPA with UAE: GJEPC

Growing ties

“India and the UAE are both pursuing dynamic trade and investment policies. India hopes to see its exports touch $1tn in the near to medium term. Our growing bilateral trade will play an integral role in the UAE’s efforts to double the size of its economy by 2033,” Goyal said.

He added: “The destinies of the UAE and India have been inextricably intertwined for centuries. A closer collaboration, trust and the spirit of entrepreneurship will create limitless opportunities for our economies, our industries, our cities, and our people, now and for generations to come. This is the vision that CEPA aims to turn into reality.”

Goyal also highlighted the