Economy - Reports

India-UAE bilateral trade has surpassed 100 billion dollars following the implementation of their Comprehensive Economic Partnership Agreement (CEPA), according to External Affairs Minister S. Jaishankar. He noted that the economic partnership sustained its momentum, establishing new performance benchmarks, notwithstanding global economic pressures and regional instability. Dr Jaishankar highlighted that escalating two-way investments underscored business conviction in the respective economies, while collaboration in defence, energy, and technology was gaining strategic importance. Regarding the situation in the Gulf, the External Affairs Minister voiced apprehension and advocated for diplomatic resolution. He reaffirmed India’s commitment to the unrestricted, secure, and unimpeded movement of trade, energy, and fertilizer. He also conveyed appreciation to the UAE leadership for prioritizing the welfare of the Indian community within the country.