Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan have set a target to double India-UAE bilateral trade to $200 billion by 2032. This decision was made during a meeting held in New Delhi, as per a joint statement issued after the meeting. The leaders acknowledged the significant growth in trade and economic cooperation following the signing of the Comprehensive Economic Partnership Agreement in 2022.
The bilateral trade between India and the UAE has already reached $100 billion in the fiscal year 2024-25, reflecting a rapid expansion. Both leaders endorsed the outcomes of key meetings, including the 13th High-Level Task Force on Investments in September 2025 and the 16th India-UAE Joint Commission Meeting and 5th Strategic Dialogue in December 2025. They have instructed their teams to focus on connecting Micro, Small, and Medium Sector Enterprises (MSMEs) from both countries.
To boost MSME products’ promotion across various regions, the leaders emphasized the swift implementation of initiatives like ‘Bharat Mart,’ the ‘Virtual Trade Corridor,’ and the ‘Bharat-Africa Setu.’ Additionally, the Bilateral Investment Treaty signed in 2024 has further enhanced investment flows across multiple sectors in both nations. Discussions are also underway for a potential UAE partnership in developing the Special Investment Region in Dholera, Gujarat.
