India, UAE eye $100B non-oil, non-precious metal trade

India and the UAE aim to double non-oil and non-precious metal trade to $100 billion in 3-4 years, with a 34% increase in the first half of 2025 compared to 2024. They plan joint infrastructure projects in third countries and the UAE is considering large-scale stock market investments in India.

India and the UAE aim to double non-oil and non-precious metal trade to $100 billion in 3-4 years, with a 34% increase in the first half of 2025 compared to 2024. They plan joint infrastructure projects in third countries and the UAE is considering large-scale stock market investments in India.

The US decision to revoke sanctions exemptions for Iran’s Chabahar Port poses a significant threat to India’s strategic connectivity project. This move jeopardizes India’s ability to bypass Pakistan and access Afghanistan and Central Asia for trade and humanitarian aid. The port serves as a crucial counterweight to China’s influence in the region.

The US decision to revoke sanctions exemptions for Iran’s Chabahar Port poses a significant threat to India’s strategic connectivity project. This move jeopardizes India’s ability to bypass Pakistan and access Afghanistan and Central Asia for trade and humanitarian aid. The port serves as a crucial counterweight to China’s influence in the region.

In August, India and the EAEU comprising Armenia, Belarus, Kazakhstan, Kyrgyz Republic and the Russian Federation signed the terms of reference to launch negotiations for FTA. With a combined GDP of $6.5 trillion, the proposed FTA is expected to expand market access for Indian exporters.

The European Commission and the High Representative adopted a Joint Communication outlining a ‘New Strategic EU-India Agenda’, marking a significant milestone in the India-EU relations, according to an official EU statement.

Commerce and industry minister Piyush Goyal will visit the United Arab Emirates from September 18–19 to review progress on bilateral trade and investment initiatives, the government said on Wednesday. Goyal will co-chair the 13th India-UAE High Level Task Force on Investments with Sheikh Hamed bin Zayed Al Nahyan, managing director of the Abu Dhabi Investment […]

The Prime Minister’s Office is engaging with corporations to mitigate the impact of US tariffs. Shaktikanta Das met with company executives to discuss reforms for economic growth. The government is forming a panel to streamline tax and export processes. India and the US are negotiating a trade deal. Talks between the two countries are positive.

With the India-EFTA partnership set to begin this October, India anticipates around USD 100 million in investments over the next 15 years. India and Norway are collaborating on environmental initiatives, including preventing pollution, with USD 7.5 million spent on joint projects in 2023.

India and the US held positive trade discussions in New Delhi. Both sides aim for an early, mutually beneficial trade agreement. The US team was led by Brendan Lynch. This meeting was the first after the US imposed tariffs on India over Russian oil purchases. Discussions covered various aspects of the trade deal.