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Talks also covered ongoing efforts by the two central banks to enable trade in local currencies.
WAM
India and the UAE held the 13th meeting of their Joint Task Force on Investments in Abu Dhabi, co-chaired by Sheikh Hamed bin Zayed Al Nahyan, Managing Director of the Abu Dhabi Investment Authority and India’s Commerce and Industry Minister Piyush Goyal, WAM reported.
Officials and business leaders from both sides discussed ways to expand trade and investment, with a focus on new opportunities in the maritime and space sectors. They also reviewed progress on projects such as Bharat Mart, a 2.7 million sq. ft. complex in Jebel Ali Free Zone aimed at showcasing Indian products globally.
The meeting highlighted strong growth under the India-UAE Comprehensive Economic Partnership Agreement (CEPA). Bilateral non-oil trade reached nearly $38 billion in the first half of 2025, up 34% from the same period last year.
Talks also covered ongoing efforts by the two central banks to enable trade in local currencies, integrate payment systems, and cooperate on digital currencies. Both sides reaffirmed their commitment to resolving investment challenges and advancing new areas of collaboration.
Goyal said India is committed to sustainable and inclusive growth, with the UAE playing a vital role in its economic story. The UAE side noted the impressive momentum in bilateral trade and investment and emphasized that the Task Force will remain central to strengthening ties.
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