India, UAE Target $100 Billion Non-Oil Trade By 2030 In First CEPA Joint Committee Meeting. In Pics

India and UAE held the first meeting of the Joint Committee of India-UAE Comprehensive Economic Partnership Agreement on Tuesday.

Union Minister Piyush Goyal and UAE Foreign Trade Minister Thani bin Ahmed Al Zeyoudi

Commerce and Industry Minister Piyush Goyal co-chaired the first Joint Committee meeting of India-UAE CEPA along with UAE's Minister of State for Foreign Trade Dr Thani Al Zeyoudi on Monday. Goyal said that India and the UAE are looking to more than double non-oil bilateral trade to $100 billion by 2030. (Image Credit: Twitter/Piyush Goyal)

India-UAE free trade agreement was implemented on May 1, last year. In the meeting on Monday, it was also agreed to set up various committees and sub-committees and technical councils with regard to the implementation of various provisions of the free trade agreement. (Image Credit: Twitter/Piyush Goyal)

The UAE is one of the major supplier of crude oil to India. Oil shipments account for a major share of bilateral trade between the countries. At present, the non-oil bilateral trade stands at $48 billion. (Image: Twitter/Piyush Goyal)

Piyush Goyal also said that the country will soon see Abu Dhabi Investment Authority's (ADIA) set up in the GIFT city as most of the issues have been resolved. It will accelerate inward investments into India. (Image: Twitter/Thani Al Zeyoudi)

Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi said that the UAE will always be there as a trusted supplier of oil to India. The trade agreement is helping Indian exports from sectors like textiles, footwear, automobiles, and gems and jewellery, while UAE exporters are increasing shipments from iron and steel, aluminium and polymers, he added. (Image: Twitter/Thani Al Zeyoudi)

A UAE high-level delegation, led by Dr. Thani bin Ahmed Al Zeyoudi, visited India on June 11-12. The delegation included senior UAE government officials and representatives from the UAE business community. (Image: Twitter/Thani Al Zeyoudi)