India and the United Arab Emirates (UAE) have begun accelerating efforts to expand strategic crude oil storage capacity as part of a broader initiative aimed at strengthening energy security and enhancing bilateral cooperation. The move follows Prime Minister Narendra Modi’s recent visit to the UAE, during which both countries signed several Memorandums of Understanding (MoUs)...
Tag: india uae
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India-UAE CEPA makes significant positive impact on India-UAE trade
The India-UAE Comprehensive Economic Partnership Agreement (CEPA) which came into effect on the 1st of May 2022 is already creating a significant positive impact on India-UAE trade. Indian exports to the UAE,excluding petroleum productsgrew from US$ 5.17 billion during June-August 2021 to US$ 5.92 billion during June-August 2022, which denotes an increase of 14%. It is...