MoneyWorks4Me

India, UAE on track to surpass target of $100 billion in non-oil trade by 2030: Ahmed Aljneibi

25 Apr 2024 Evaluate

Expressing optimism over India and UAE trade partnership, the Comprehensive Economic Partnership Agreement (CEPA) Council Director Ahmed Aljneibi has said that the trade between two countries increased 15 per cent since the implementation of the free trade agreement in May 2022 and the both are on track to surpass the target of $100 billion in non-oil trade by 2030. The UAE-India CEPA Council (UICC) was launched on the sidelines of the Vibrant Gujarat Summit in January. The two countries implemented the CEPA in May 2022.

Aljneibi said the UAE-India trading relationship has grown rapidly since the signing of the CEPA. The UAE stands as India's second-largest export destination, third-largest trading partner, and fourth-largest investor. The bilateral trade has totalled $85 billion and the UAE's foreign direct investment into India has increased to $3.3 billion in 2023.

He stressed that UICC's mandate is to ensure that the UAE and Indian businesses, no matter their size or sectorial focus, have inclusive and open pathways to benefit from the CEPA. He added Rajasthan's highly diverse economy and strong trading ties with the UAE - which reached $450 million in 2023 - represents a natural fit for the development of mutually beneficial ties.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: