As part of their efforts to enhance trade relations, the UAE and India aim to double bilateral trade to $200 billion by 2032. This initiative is framed within a long-term agreement to supply 500,000 tons of liquefied natural gas annually, underscoring both countries’ commitment to expanding economic cooperation.
Agreements to Boost Bilateral Trade
The UAE and India signed a series of agreements during the visit of Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, to India. During this visit, Sheikh Mohammed met with Indian Prime Minister Narendra Modi in New Delhi, where they emphasized the importance of ongoing meetings to strengthen bilateral relations and expand mutual interests. These efforts focus on achieving the goal of doubling trade to $200 billion.
Enhancing Cooperation in New Areas
During this visit, Sheikh Mohammed bin Zayed Al Nahyan highlighted the shared vision between the UAE and India to enhance cooperation in various fields, such as technology and artificial intelligence. He expressed the UAE’s support for efforts to achieve peace in South Asia through diplomatic solutions and dialogue that ensure the interests of all parties involved. This proactive approach contributes to accelerating the goal of doubling trade to $200 billion.
Mutual Support and Future Initiatives
During the meeting, Sheikh Mohammed bin Zayed Al Nahyan congratulated Prime Minister Modi on his successful leadership of the BRICS group for 2026, looking forward to positive outcomes from the upcoming summit on artificial intelligence in India, which aims to support global development. This collaboration between the UAE and India represents a significant step toward achieving shared trade and developmental goals, contributing to doubling trade to $200 billion by 2032.
Notable Figures at the Meeting
The meeting was attended by several prominent figures, including Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister, along with a group of ministers and senior officials. These collective efforts aim to enhance cooperation between the UAE and India, positively contributing to the ambitious goals of both countries.
All these initiatives represent a step toward a prosperous future, as the UAE and India look to achieve a shared vision by enhancing bilateral trade and joint projects, reflecting both countries’ commitment to doubling trade to $200 billion by 2032.