Page 393 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

“The forum will build on the consistent rise in bilateral non-oil trade, which reached US$28.2 billion
in the first six months of 2024 – a 9.8 percent increase on the same period in 2023 and set against a
marked decline in trade growth around the world in H1 2024.”
The figures underline the benefits of the UAE-India CEPA, which has proved to be a major driver of
industrial output, employment, and global competitiveness, and provide the platform for greater
collaboration in the months and years ahead.”

The forum’s panels reflect the breadth of opportunity in front of the private sector. They include
“Healthcare and Biotechnology: Pioneering the Future of Medicine”, which will focus on ways the
UAE and India can leverage the CEPA to develop partnerships in biotechnology, genomic medicine,
AI-driven healthcare, digital health, and pharmaceutical research.

The session on AI and emerging technologies will seek to explore how these tools can be developed
and the areas that can benefit from them, while the session “Renewable Energy and Sustainability:
Pioneering the Green Revolution” will help showcase the UAE’s pioneering work in delivering wind,
solar, and geothermal solutions across the developing world.
Other sessions discuss opportunities in logistics and agricultural technology and sustainable
farming practices.

The UAE-India Comprehensive Economic Partnership Agreement was the first part of the UAE’s new
foreign trade agenda that sought to strengthen ties with strategically important nations worldwide.

Following its implementation in May 2022, businesses in both countries benefit from reducing or
removing tariffs on more than 80 percent of products, removing unnecessary trade barriers, and
harmonising customs regulations and processes.

WAM

https://www.gulftoday.ae/business/2024/09/09/uae-india-business-forum-to-begin-tomorrow-in-
mumbai