https://sputniknews.in/20251127/brics-tango-bilateral-trade-between-india-and-uae-crosses-100-billion-10125633.html
BRICS Tango: Bilateral Trade Between India and UAE Crosses $100 Billion
BRICS Tango: Bilateral Trade Between India and UAE Crosses $100 Billion
Sputnik India
The United Arab Emirates (UAE) is one of India's key strategic partners, with a large Indian diaspora sending billions in remittances back home. 27.11.2025, Sputnik India
2025-11-27T17:38+0530
2025-11-27T17:38+0530
2025-11-27T17:38+0530
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In a sign of growing trade ties among BRICS nations, bilateral trade between India and the UAE crossed $100 billion mark in FY24-25, the former's Ministry of Commerce said in a statement on Thursday.The comments came after India and the UAE successfully convened the third meeting of the Joint Committee under the India–UAE CEPA in New Delhi, which was co-chaired by Ajay Bhadoo, Additional Secretary in India's Department of Commerce, and Juma Al Kait, who serves as the Assistant Undersecretary for International Trade Affairs, UAE.Besides, the two countries reaffirmed their shared commitment to expanding non-oil/non-precious metal trade towards the $100 billion target by 2030.Additionally, the federal monarchy and the world's largest democratic state agreed to strengthen trade facilitation, regulatory collaboration, and data sharing.India is one of the founding members of the BRICS, while the UAE formally joined the powerful geo-economic bloc earlier this year. Last year, the two nations inked the Local Currency Settlement System (LCSS), allowing each other to trade in United Arab Emirates Dirham (AED) and Indian Rupee (INR).
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india, the united arab emirates (uae), brics, delhi, new delhi, middle east, trade, trade in national currencies, indian diaspora
india, the united arab emirates (uae), brics, delhi, new delhi, middle east, trade, trade in national currencies, indian diaspora
BRICS Tango: Bilateral Trade Between India and UAE Crosses $100 Billion
The United Arab Emirates (UAE) is one of India's key strategic partners, with a large Indian diaspora sending billions in remittances back home.
In a sign of growing trade ties among BRICS nations, bilateral trade between India and the UAE crossed $100 billion mark in FY24-25, the former's Ministry of Commerce said in a statement on Thursday.
The comments came after India and the UAE successfully convened the third meeting of the Joint Committee under the India–UAE CEPA in New Delhi, which was co-chaired by Ajay Bhadoo, Additional Secretary in India's Department of Commerce, and Juma Al Kait, who serves as the Assistant Undersecretary for International Trade Affairs, UAE.
"The two sides conducted a comprehensive review of progress under CEPA and detailed discussions were held on market access issues, data sharing, allocation of Gold TRQ, anti-dumping matters, services, Rules of Origin, BIS licensing etc. The India side also briefed the UAE on its recent decision to allocate Gold TRQ through a transparent competitive bidding process," the statement added.
Besides, the two countries reaffirmed their shared commitment to expanding non-oil/non-precious metal trade towards the $100 billion target by 2030.
Additionally, the federal monarchy and the world's largest democratic state
agreed to strengthen trade facilitation, regulatory collaboration, and data sharing.
India is one of the founding members of the BRICS, while the UAE formally joined the powerful geo-economic bloc earlier this year.
Last year, the two nations inked the Local Currency Settlement System (LCSS), allowing each other to trade in United Arab Emirates Dirham (AED) and Indian Rupee (INR).
