Virendra Pandit
New Delhi: The India-UAE free trade agreement (FTA), which came into force in May 2022, has helped the bilateral trade to cross USD 100 billion, Union Commerce and Industry Minister Piyush Goyal said on Friday.
The Comprehensive Economic Partnership Agreement (CEPA) with the UAE acts as a gateway to Africa, other Gulf Cooperation Council (GCC) and Middle Eastern (West Asian) countries, as well as with the Commonwealth of Independent States (CIS) members and some European nations.
Bilateral merchandise trade has grown strongly, crossing USD 100 billion, with services trade also rising steadily and opening new markets and greater value, he said in a social media post.
The India-UAE bilateral trade stood at USD 101.25 billion in 2025-26 compared to USD 100.03 billion in 2024-25, the media reported.
This trade, he said, has expanded in key sectors like gems and jewellery, engineering goods, electronics, and agriculture.
During 2025-26, India’s exports to the UAE rose about 2 per cent to USD 37.36 billion, while imports were up 0.77 per cent to USD 63.89 billion, resulting in a trade deficit of USD 26.53 billion.
Foreign direct investment (FDI) from the UAE into India stood at USD 2.45 billion during April-December 2025-26. It was USD 4.34 billion in 2024-25.
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