Source: The post is based on the article “India, UAE target $100 bn in non-oil trade by 2030” published in The Hindu on 13th June 2023
What is the News?
The first meeting of the Joint Committee of India-UAE Comprehensive Economic Partnership Agreement (CEPA) was held recently.
What are the key highlights from the India-UAE CEPA meeting?
India and the UAE have set a target to increase the non-oil trade from the current $48 billion to $100 billion by 2030.The target of $100 billion will not include the oil trade.
The countries also decided to set up a new sub-committee to handle issues related to services trade.
India-UAE CEPA Council will also be set up to further facilitate the implementation of the agreement.
– The council would focus on areas such as MSMEs, startups, women entrepreneurs, services sector participants.
