India, UAE set to double trade to $200 bn before target of 2032: Envoy

India and the United Arab Emirates (UAE) aim to significantly enhance their bilateral trade, targeting a remarkable $200 billion by 2032. This ambitious goal was highlighted by Badr Jafar, the UAE’s ambassador to India, who emphasized the growing economic ties between the two nations. Since the implementation of the Comprehensive Economic Partnership Agreement (CEPA) in May 2022, trade has already seen substantial growth. Jafar noted that the partnership not only benefits both countries economically but also strengthens their strategic ties amid a shifting global landscape. The UAE is India's third-largest trading partner, with trade figures already on the rise. The Indian government has expressed optimism about the potential for further collaboration in various sectors, including technology, renewable energy, and health. As both nations continue to navigate challenges posed by global economic uncertainties, their commitment to doubling trade underscores a shared vision for mutual growth and prosperity. The UAE's deputy prime minister, Sheikh Abdullah bin Zayed Al Nahyan, appointed Jafar to further these diplomatic and economic initiatives, reflecting the importance both countries place on their partnership.