High-Level Participation
The meeting brought together senior officials and representatives from both countries. The UAE delegation included H.E. Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade; H.E. Ahmed Jassim Al Zaabi, Chairman of Abu Dhabi Department of Economic Development; H.E. Dr. Abdulnasser Alshaali, UAE Ambassador to India; and H.E. Younis Haji Al Khouri, Under Secretary of UAE Ministry of Finance.
The Indian delegation featured Ambassador of India to the UAE, H.E. Sunjay Sudhir, along with senior officials from the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Food Processing Industry, Ministry of Ports, Shipping & Waterways, Ministry of Health & Family Welfare, Department of Commerce, Department of Economic Affairs, Reserve Bank of India, National Payments Corporation of India (NPCI), Department of Space, and Invest India.
Strengthening Bilateral Trade under CEPA
Since the India-UAE Comprehensive Economic Partnership Agreement (CEPA) took effect in May 2022, bilateral trade has surged. In the first half of 2025, non-oil trade reached nearly US$38 billion, a 34% increase compared to the same period in 2024, marking significant progress toward the UAE’s 2030 trade targets.
The Joint Task Force emphasized CEPA’s role in facilitating market access and private-sector collaboration, describing it as a cornerstone of the India-UAE economic alliance and a model of constructive cooperation in a rapidly evolving global trade environment.
Key Projects and Future Cooperation
The meeting reviewed ongoing investment projects, including Bharat Mart, a 2.7 million square feet complex in Jebal Ali Free Zone, UAE, designed to showcase Indian products globally. Discussions also explored future collaboration in maritime and space sectors in India.
Both nations highlighted strategic initiatives between their central banks, including bilateral trade in local currencies, payment system integration, and cooperation on Central Bank Digital Currencies, reaffirming their commitment to finalize these measures soon.
Addressing Investor Challenges
The Joint Task Force examined current issues faced by investors from both countries. Co-Chairs directed teams to work closely with relevant authorities to resolve these matters efficiently, ensuring a mutually beneficial outcome for businesses.
Statements from the Co-Chairs
His Highness Sheikh Hamed bin Zayed Al Nahyan stated, “The trade and investment relationship between the UAE and India continues to grow at an impressive rate, anchored by shared goals and joint success. This forum will continue to play a key role in deepening our economic partnership.”
Shri Piyush Goyal said, “India, as the world’s fastest growing large economy, remains committed to inclusive, sustainable, and resilient growth. UAE is a vital partner in India’s growth journey, and our collaboration will witness significant transformation under the visionary leadership of both sides.”
