UAE-India Joint Task Force Meeting Discusses Investment and Cooperation
On 5th October, 2023, the eleventh meeting of the UAE-India High Level Joint Task Force on Investments was held in Abu Dhabi.
- The meeting assessed progress made under the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and India, in effect since May 2022.
- CEPA has significantly reduced tariffs on over 80% of product lines, removed trade barriers, and stimulated investment and joint ventures.
- The first year of CEPA implementation saw bilateral non-oil trade reach US$50.5 billion, a 5.8% increase from the previous year, bringing the two nations closer to their US$100 billion non-oil trade target by 2030.
- Discussions highlighted ....
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