Close Menu
    What's Hot

    imo Partners with The Game Awards 2023 for Worldwide Live-Streaming

    December 5, 2023

    Cummins Arabia and Sullivan Palatek Form Strategic Alliance to Distribute Portable Air Compressors in the UAE

    December 5, 2023

    Masdar Expands European presence with Acquisition of 1GW Renewable Portfolio in Poland

    December 5, 2023
    Facebook X (Twitter) Instagram
    • Home
    • Contact Us
    UAE NewshourUAE Newshour
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    UAE NewshourUAE Newshour
    Home » Exports from India to the UAE increased five-fold after CEPA
    Business

    Exports from India to the UAE increased five-fold after CEPA

    September 26, 2022
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    In the three months following the implementation of a bilateral Comprehensive Economic Partnership Agreement (CEPA), India’s non-oil exports to the UAE increased five-fold compared with India’s non-petroleum exports worldwide. Last night, the Indian Ministry of Commerce and Industry released the findings of a comprehensive study on UAE-India trade since the CEPA came into effect on May 1.

    Exports from India to the UAE increased five-fold after CEPA“The UAE-India CEPA is already having a significant positive effect on bilateral trade.” According to the Ministry, Indian exports to the UAE, excluding petroleum products, increased by 14 percent from $5.17 billion during June-August last year to $5.92 billion during June-August 2022.

    “During June-August 2022, India’s global non-petroleum exports increased by three percent annually. As a result, the growth rate of India’s non-petroleum exports to the UAE is almost five times greater than that of India’s non-petroleum exports to the world overall,” said the report.

    Due to the growing use of the CEPA by exporters, it is predicted that Indian exports to the UAE will increase further in the coming months. In the current financial year, a series of trade promotion events are scheduled in the UAE. Despite the CEPA coming into effect on 1st May, the Ministry said that the first month of implementation was not included in the study. This is because it was considered a transition period. As a result, the analysis covers a period of three months, from June to August.

    During the same period, India’s imports from the UAE increased from $5.56 billion to $5.61 billion. The increase in trade in both directions is significant “in the context of global macro-economic headwinds, including policy tightening in advanced economies, global growth slowdown, and a reduction in international merchandise trade.”

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Global oil dynamics shift as OPEC+ agrees on 2 million bpd cut

    December 2, 2023

    Dow surges to 2023 peak, propelling November’s stock market rally

    December 1, 2023

    Sony Interactive Entertainment to face $8 billion lawsuit over PlayStation Store pricing

    November 25, 2023

    Gold nears $2,000 as Fed rate hike pause boosts appeal

    November 22, 2023
    Latest News

    Global oil dynamics shift as OPEC+ agrees on 2 million bpd cut

    December 2, 2023

    New insights into natural remedies for heart health

    December 2, 2023

    Dow surges to 2023 peak, propelling November’s stock market rally

    December 1, 2023

    UAE and Mongolia strengthen ties with strategic agreements in Abu Dhabi

    December 1, 2023

    Triumph shakes up motocross with the powerful TF 250-X

    December 1, 2023

    Air Arabia broadens horizons with direct flights to Phuket

    November 29, 2023

    Etihad Airways elevates Grand Prix with spectacular 20th anniversary fly-past

    November 29, 2023

    The surprising role of amino acids in weight management

    November 29, 2023

    Maximizing your diet with prunes and plums

    November 28, 2023
    © 2022 UAE Newshour | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.