HE Abdulla bin Touq Al Marri, UAE Minister of Economy, has discussed frameworks for strengthening economic and trade cooperation with Mr. Piyush Goyal, Indian Minister of Commerce, Industry, Consumer Affairs, Food, Public Distribution and Textiles as well as Mr. G. Kishan Reddy, Minister of Tourism and Culture of India.
Mr. Al Marri said that the UAE-India relations have evolved into an exceptional model of bilateral cooperation and fruitful partnership aimed at promoting sustainable development, economic welfare, and the steady prosperity of their people.
Abdulla bin Touq Al Marri UAE Minister of Economy
“The UAE-India relations are growing at a rapid pace, as Abu Dhabi and New Delhi seek to further build on existing cooperation in light of the Comprehensive Economic Partnership between the two countries. We are working towards boosting the volume of non-oil trade exchange, which reached $51 billion (AED 189 billion) in 2022, up 15 percent from 2021. We are working closely with our partners in the Indian government to establish mechanisms that will increase the volume of mutual investments and diversify them into new sectors. Further, India was one of the major tourism source markets for the UAE in 2022. We welcomed nearly five million Indian visitors, while the number of Emirati visitors to India reached nearly 58,000. We look forward to working together to build on this momentum and enhance tourism flows between the two countries in the upcoming period.”
Mr. Al Marri’s meeting with Mr. Goyal discussed ways to strengthen and diversify existing economic partnerships.
Both ministers also explored the adoption of innovative initiatives that contribute to enhancing the private sector’s access to opportunities and support the growth and expansion of startups in the markets of the two countries, offering them more advantages and incentives, thus promoting their contribution to the GDP.
UAE Minister’s meeting with Mr. Reddy explored the possibility of enhancing investment exchanges in the tourism sector.
According to the statement, “In addition, the adoption of innovative initiatives that contribute to stimulating tourism flows between the two countries was discussed, in addition to increasing the number of mutual flights.”
