What's Hot

    EU’s €1.1 billion bicycle exports highlight shift to sustainable living

    June 3, 2023

    Strengthening UAE-India relations: Top diplomats discuss economic partnership

    June 3, 2023

    Eviosys Surpasses Emissions Goals and Leads the Industry in Pursuit of Net Zero

    June 2, 2023
    Facebook Twitter Instagram
    Niger LiveNiger Live
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • More
      • Sports
      • Technology
      • Travel
    Niger LiveNiger Live
    Home » Exports from India to the UAE increased five-fold after CEPA
    Business

    Exports from India to the UAE increased five-fold after CEPA

    September 26, 2022
    Facebook Twitter Pinterest Reddit Telegram LinkedIn Tumblr VKontakte WhatsApp Email

    In the three months following the implementation of a bilateral Comprehensive Economic Partnership Agreement (CEPA), India’s non-oil exports to the UAE increased five-fold compared with India’s non-petroleum exports worldwide. Last night, the Indian Ministry of Commerce and Industry released the findings of a comprehensive study on UAE-India trade since the CEPA came into effect on May 1.

    Exports from India to the UAE increased five-fold after CEPA“The UAE-India CEPA is already having a significant positive effect on bilateral trade.” According to the Ministry, Indian exports to the UAE, excluding petroleum products, increased by 14 percent from $5.17 billion during June-August last year to $5.92 billion during June-August 2022.

    “During June-August 2022, India’s global non-petroleum exports increased by three percent annually. As a result, the growth rate of India’s non-petroleum exports to the UAE is almost five times greater than that of India’s non-petroleum exports to the world overall,” said the report.

    Due to the growing use of the CEPA by exporters, it is predicted that Indian exports to the UAE will increase further in the coming months. In the current financial year, a series of trade promotion events are scheduled in the UAE. Despite the CEPA coming into effect on 1st May, the Ministry said that the first month of implementation was not included in the study. This is because it was considered a transition period. As a result, the analysis covers a period of three months, from June to August.

    During the same period, India’s imports from the UAE increased from $5.56 billion to $5.61 billion. The increase in trade in both directions is significant “in the context of global macro-economic headwinds, including policy tightening in advanced economies, global growth slowdown, and a reduction in international merchandise trade.”

    Share. Facebook Twitter Pinterest LinkedIn Reddit Email

    Related Posts

    EU’s €1.1 billion bicycle exports highlight shift to sustainable living

    June 3, 2023

    Strengthening UAE-India relations: Top diplomats discuss economic partnership

    June 3, 2023

    Global stocks surge as US debt ceiling agreement brings relief

    May 29, 2023

    Global clean energy investment set to reach $1.7 trillion, overtaking oil production

    May 27, 2023
    Latest News

    EU’s €1.1 billion bicycle exports highlight shift to sustainable living

    June 3, 2023

    Strengthening UAE-India relations: Top diplomats discuss economic partnership

    June 3, 2023

    Ayurveda vs science: Decoding the cold water conundrum

    June 2, 2023
    © 2021 Niger Live | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.