India's non-petroleum exports to UAE climb 14% within months of CEPA implementation

India’s exports to the UAE, excluding petroleum products, grew by 14.5 per cent annually in the three months since the two countries began the introduction of a Comprehensive Economic Partnership Agreement (CEPA).

Exports from India grew to $5.92 billion in the three months from June to August, up from $5.17bn recorded for the same period in 2021, state news agency Wam said on Monday, citing data from the Indian Ministry of Commerce and Industry.

Although implementation of the CEPA began on May 1, the ministry said the exports data of the first 30 days was not included in the study as it was considered a transition period.

"The UAE-India CEPA is already creating a significant positive impact on bilateral trade," Wam cited the Indian ministry as saying.

"India's global non-petroleum exports during June-August 2022 grew by 3 per cent annually. This implies that the growth rate of India's non-petroleum exports to the UAE is almost five times as that of India's non-petroleum exports to the world."

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