India-UAE Joint Committee Meeting Targets $100 Billion in Non-Oil Trade by 2030

UAE, 16 October, 2024 : The second India-UAE Joint Committee (JC) meeting under the Comprehensive Economic Partnership Agreement (CEPA) highlighted significant growth in bilateral trade since the agreement’s implementation. Both nations aim to reach $100 billion in non-oil trade well before the 2030 target.

Held on Monday and co-chaired by India’s Ajay Bhadoo and the UAE’s Juma Al Kait, the meeting covered various topics to enhance economic ties. Key discussions included the formation of a technical group to harmonize trade data, updates on Tariff Rate Quotas (TRQs), and improving the jewellery export process for Indian manufacturers in Dubai.

India also requested the recognition of its i-CAS Halal scheme and expedited procedures for registering pharmaceutical products. Both sides discussed Mutual Recognition Agreements (MRAs) for professionals and agreed to address India’s concerns over rising imports of precious metals.

The next JC meeting will be held in India.

Source : www.zawya.com