India and the UAE have unveiled ambitious plans to double bilateral trade to $200 billion by 2032, explore cooperation in advanced civil nuclear technologies, and signed a long-term agreement for the supply of 0.5 million tonnes of LNG annually. These moves highlight the deepening of their strategic and economic partnership.
India and the United Arab Emirates (UAE) are expanding their strategic partnership with a series of landmark announcements. According to India’s Foreign Secretary, both nations aim to double bilateral trade to $200 billion by 2032, building on the success of the Comprehensive Economic Partnership Agreement (CEPA), which has already boosted trade volumes significantly.
In addition, India and the UAE will explore collaboration in advanced civil nuclear technologies, marking a new frontier in their cooperation beyond traditional energy and trade. This initiative underscores both countries’ commitment to sustainable growth and technological innovation.
Further strengthening energy ties, India has signed a long-term agreement with the UAE for the supply of 0.5 million tonnes of LNG per annum, ensuring energy security and diversifying supply chains.
Key Highlights
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Notable Update: Bilateral trade target set at $200 billion by 2032.
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Major Takeaway: Partnership to expand into advanced civil nuclear technologies.
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Important Point: Long-term LNG supply agreement signed for 0.5 million tonnes annually.
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Strategic Context: Builds on CEPA, which has already doubled trade volumes since 2022.
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Forward Outlook: Enhanced cooperation expected in energy, technology, and sustainable growth.
Sources: The Indian Awaaz, DD News, Press Information Bureau