Page 680 - MOE ENGLISH PR REPORT - FEBRUARY 2024

2/22/24, 11:35 AM UAE-India economic partnership a global model of sustainable mutual growth: minister
UAE in trade and investment, and they have a long history of friendship. This is also
India’s first agreement of this kind with a country in the Middle East and North Africa

region.

Al Zeyoudi also said he was confident that the CEPA would meet its goals in increasing
trade exchange by 120 percent to US$100 billion in five years, compared to the current

trade exchange amounting to US$45 billion.

“CEPA will achieve growth in the national economy by 1.7 percent in 10 years with a value
of US$9 billion by 2023. It will increase exports by 1.5 percent, equivalent to US$7.6

billion, and imports by 3.8 percent, equivalent to US$14.3 billion, which will positively
impact the Indian economy by nearly 0.7 percent and create around 140,000 new high-

skilled job opportunities in the UAE.”

He further pointed out that the achievements in the first year show that it is moving forward
steadily and confidently to benefit both countries.

ECONOMY
UAE
INDIA
TRADE

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