India Targets $1 Trillion in Exports Amid UAE Trade Push
- Reports
- 6
- Developments
- 4
- Repetition
- 33%
New informationRepeats or wire copies
What happened
India has set a target of reaching one trillion dollars in total exports of goods and services this year, up from $863 billion last year. Union Minister of Commerce and Industry Piyush Goyal stated that bilateral trade with the UAE has doubled to approximately $100 billion under the India-UAE Comprehensive Economic Partnership Agreement. The two countries are aiming to reach $200 billion in bilateral trade by 2032.
Why it matters
The partnership targets are focused on expanding cooperation across multiple sectors, including space technology, shipbuilding, food security, and artificial intelligence. The government aims to expand the 'One District One Cuisine' initiative to support Indian farmers and MSMEs.
India formalized comprehensive strategic partnerships with the UAE and discussed international agreements, including an FTA with New Zealand.
Who's involved
- IndiaIndia, the country setting the ambitious export targets and driving the strategic partnership.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.How it developed
Newest first. Tap a step to see who reported it.Trade volume surpassed $100 billion, and cultural ties were strengthened via the House of India project.1 source
India and UAE expanded trade and investment cooperation, reviewing trilateral ties in New York.1 source
India-UAE partnership drives bilateral trade goals.1 source
UAE commits $25B investment to India and explores undersea gas pipelines.1 source
Keep exploring
The entities involved
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UAE
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Related events
- UAE and Lawrence Wong strengthened their bilateral cooperation and partnership.
- Bilateral talks focused on deepening ties involving the UAE.
- Hussein Issa discussed bolstering economic partnership in oil and gas with the UAE.
- The UAE, represented by Abdullah bin Zayed Al Nahyan, discussed strategic relations and cooperation with a partner regarding regional peace and security within international organizations like the UN.
- India will participate in the UAE-hosted UN Water Conference, where diplomats discussed strengthening bilateral cooperation.