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India and UAE Target $100 Billion Non-Oil Trade by 2030; Set Up Councils to Facilitate FTA Implementation
India and the United Arab Emirates (UAE) have set an ambitious target to increase their non-oil bilateral trade from the current USD 48 billion to USD 100 billion by 2030. The decision was reached during the first meeting of the Joint Committee of India-UAE Comprehensive Economic Partnership Agreement (CEPA). Both countries aim to double their non-petroleum trade in the next seven years, emphasizing the need to enhance trade cooperation beyond the oil sector.
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