Jebel Ali Port, Free Zone key to boosting India-UAE trade to $100 billion

Jebel Ali Port, Free Zone key to boosting India-UAE trade to $100 billion

India-UAE Trade Bridge event highlighted robust bilateral trade ties between the two nations and efforts to boost trade and investment opportunities

Abdulla bin Damithan, CEO and managing director — DP World UAE and Jafza; Rizwan Soomar, CEO and managing director, subcontinent and sub-saharan Africa, DP World; and Robin Banerjee, vice-chairman, CII Maharashtra State Council, CII, attending the event in Mumbai. — Supplied photo

Published: Wed 19 Oct 2022, 2:40 PM Last updated: Wed 19 Oct 2022, 2:43 PM

DP World recently hosted 'The India-UAE Bridge; Dubai – India’s Gateway to the World' along with the Confederation of Indian Industry (CII) for key business leaders in Mumbai to showcase the role of Jebel Ali Port and Free Zone in boosting non-oil trade between the UAE and India to $100 billion over the next five years, complementing the Comprehensive Economic Partnership Agreement (Cepa).

Trade between the two nations has existed for decades and continues to deepen with the signing of the Cepa in February 2022 and officially came into force on May 1, 2022. The landmark deal includes eliminating tariffs on more than 10,000 products and services over the next 10 years, which will have an enormous impact on trade between the two countries and the