Trump’s tariffs push India closer to UAE as non-oil trade soars 34%
UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi says that the two countries are on track to reach $100 billion in non-oil trade by the end of the decade.
Non-oil bilateral trade between India and the United Arab Emirates ballooned by 33.9% in the first six months of 2025, compared to the same period the previous year, and is on track to reach $100 billion by the end of the decade, the UAE trade minister has said.
Speaking to the Emirates News Agency on Thursday, UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi said the boost in trade has been propelled by the trade deal signed by the two countries in February 2022, the Comprehensive Economic Partnership Agreement.
The trade deal reduced or eliminated tariffs on more than 80% of goods, according to the UAE Ministry of Economy. It also simplifies customs procedures and promotes trade in services.
“Since its entry into force in May 2022, the agreement has marked a qualitative leap in trade and investment ties, clearly reflected in the growth rates of bilateral trade and investment flows,” Al Zeyoudi said.
