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Key Points

The 13th meeting of the UAE-India High-Level Joint Task Force on Investments is underway in Abu Dhabi. Union Minister Piyush Goyal and Sheikh Hamed bin Zayed are co-chairing the discussions on deepening economic ties. The meeting will review the Comprehensive Economic Partnership Agreement that has nearly doubled bilateral trade to $83.7 billion. Both countries are exploring new investment opportunities in space, maritime, and other high-potential sectors.

Key Points: Piyush Goyal Sheikh Hamed Lead UAE India Investment Task Force

  • Reviews CEPA progress and Double Taxation Treaty implementation
  • Explores new investments in space and maritime sectors
  • Co-chaired by Piyush Goyal and Sheikh Hamed bin Zayed
  • Bilateral trade nearly doubled to $83.7 billion since 2021
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13th UAE-India High level task force on investments gets underway in Abu Dhabi

13th UAE-India High-Level Task Force reviews CEPA progress and explores new investments in space and maritime sectors as bilateral trade nears $84 billion.

"Bilateral merchandise trade has nearly doubled from USD 43.3 bn in FY21 to USD 83.7 bn in FY24 - Commerce Ministry"

Abu Dhabi, September 18

The 13th meeting of the UAE-India High-Level Joint Task Force on Investments, co-chaired by Union Minister Piyush Goyal and Sheikh Hamed bin Zayed Al Nahyan, Managing Director of ADIA is underway in Abu Dhabi.

The meeting will review the Comprehensive Economic Partnership Agreement (CEPA), the Double Taxation Treaty, and central bank cooperation, while exploring new investments in space, maritime, and other high-potential sectors.

Since CEPA came into force in May 2022, bilateral merchandise trade has nearly doubled from USD 43.3 bn in FY21 to USD 83.7 bn in FY24, with a strong shift toward non-oil sectors, according to the Commerce Ministry.

Goyal will also co-chair the UAE-India Business Council roundtable with UAE Minister of Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi, engaging CEOs of top Indian and Emirati companies.

High-level meetings are scheduled with Sheikh Tahnoun bin Zayed Al Nahyan (UAE NSA & IHC Chairman), Ahmed Jasim Al Zaabi , and Syed Basar Shueb (IHC), among others.

Established in 2013, the HLTFI has become a key platform to resolve investor issues and deepen economic ties. The 12th edition, held in Mumbai (Oct 2024), ratified the Bilateral Investment Treaty signed during PM Modi's UAE visit in Feb 2024.

The India-UAE Comprehensive Strategic Partnership continues to expand across trade, technology, energy, defence, and food security, with both sides now pushing for the next growth leap.

UAE remains one of India's most important strategic partners. Their Comprehensive Strategic Partnership is underpinned by deep political engagement, robust economic integration, and collaboration across energy, defence, technology, and food security.

Earlier the UAE-India Comprehensive Economic Partnership Agreement (CEPA) Council launched the Start-up Series which attracted applications from more than 10,000 Indian entrepreneurs in just 50 days, highlighting the programme's role in accelerating the globalisation of homegrown Indian ventures.

- ANI

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Reader Comments

P
Priya S
The startup series attracting 10,000 applications in 50 days is incredible! This is exactly what our young entrepreneurs need - global exposure and investment opportunities. Hope more Indian startups get access to Middle Eastern markets through such initiatives.
A
Aman W
While the trade growth is impressive, I hope they address the double taxation issues properly. Many Indian professionals working in UAE face challenges with tax compliance in both countries. Simplifying this would really help.
S
Sarah B
Great to see the shift toward non-oil sectors! This diversification is crucial for long-term economic stability. The space and maritime cooperation could open up new avenues for Indian companies looking to expand globally.
V
Vikram M
UAE has been a true friend to India. From energy security to investments and now space cooperation - this partnership keeps getting stronger. Hope they also focus on skill development and job creation for Indian youth through these collaborations.
K
Karthik V
The bilateral investment treaty is a game-changer! This will bring more UAE investment into Indian infrastructure and manufacturing. Hope the benefits reach small and medium enterprises too, not just big corporations.

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