Page 244 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

India emerged as the leading destination for UAE’s non-oil exports in 2024, accounting for 13.5% of
total non-oil exports. This represents a remarkable year-on-year increase of 75.2% compared to
2023, showcasing India's importance as a trading partner.
Both nations play crucial roles in each other's economies. India is the UAE’s second-largest global
trading partner after China, while the UAE ranks as India's third-largest trading partner following
China and the U.S. Additionally, India is the second-largest investor in the UAE with investments
nearing US$10 billion by late 2022.

The UAE holds a significant position as India's seventh-largest global investor and top Arab investor
with cumulative direct investments of around US$23 billion by late 2024. These figures reflect a
robust economic relationship between the two countries.

Investment Milestones

The flow of UAE investments into India reached US$10.4 billion from April 2022 to December 2024,
coinciding with CEPA's implementation. This substantial investment underscores the deepening
economic ties facilitated by this agreement.

"The reciprocal visits by leaders from both countries reflect a shared vision," stated Al Zeyoudi to
Emirates News Agency (WAM). He emphasized that these high-level engagements foster strategic
collaboration, creating opportunities for deeper partnerships in trade and investment sectors.

The ongoing cooperation between the UAE and India continues to yield tangible benefits from
CEPA, strengthening bilateral trade and investment flows further cementing their strategic
partnership across various sectors.

https://www.onearabia.me/local/uae-india-benefits-of-cepa-2024-011-104969.html