Lok Sabha Question No. 3492 (UNSTARRED), answered on 2024-12-17
Subject: Bilateral Trade between India and UAE
Ministry: COMMERCE AND INDUSTRY
Asked by: Shri Baijayant Panda

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY (DEPARTMENT OF COMMERCE)

## LOK SABHA UNSTARRED QUESTION NO. 3492 ANSWERED ON 17/12/2024

## BILATERAL TRADE BETWEEN INDIA AND UAE

## 3492.  SHRI BAIJAYANT PANDA:

Will the Minister of COMMERCE & INDUSTRY ( वाणिज्य एवं उद्योग मं त्री ) be pleased to state:

(a) the  details  and  the  total  value  of  bilateral  trade  between  India  and  the  United  Arab Emirates  (UAE)  since  the  implementation  of  the  Comprehensive  Economic  Partnership Agreement (CEPA), 2022, including a comparison of trade volume and value growth during the last three years;

(b) the details of the specific sectors and products that have demonstrated the highest growth in exports to the UAE;

(c) whether  the  Government  is  taking  any  targeted  measures  to  enhance  the  utilisation  of CEPA benefits by Micro, Small and Medium Enterprises (MSMEs) and other export-driven sectors, especially regarding capacity building, market access support and financial assistance for compliance with international standards; and

(d) if so, the details thereof?

## ANSWER

## वाणिज्य और उद्योग मंत्रालय में राज्य मंत्री (श्री णिणिन प्रसाद)

## THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI JITIN PRASADA)

(a) As  per  DGCIS  statistics,  India-UAE  bilateral  trade  has  shown  dynamic  growth  and  it grew  by  16.41%  in  2022-2023  before  experiencing  a  slight  dip  of  -1.4%  in  2023-2024,  but recovering  strongly  with  a  34.57%  increase  in  the  first  half  of  2024-2025.    Details  of  India's bilateral  trade  with  UAE  including  a  comparison  of  trade  volume  and  value  growth  are  as follows:

Values in USD million (Source - DGCIS)

| S.No.   | Year        | 2022-2023   | 2023-2024   | 2023-24(Apr- Sept)   | 2024-25(Apr- Sept)   |
|---------|-------------|-------------|-------------|----------------------|----------------------|
| 1       | EXPORT      | 31,608.79   | 35,625.02   | 15,467.63            | 17,206.58            |
|         | %Growth     | 12.71       | 12.71       |                      | 11.24                |
| 2       | IMPORT      | 53,231.55   | 48,025.58   | 20,695.03            | 31,458.27            |
|         | %Growth     | 18.73       | -9.78       |                      | 52.01                |
| 3       | TOTAL TRADE | 84,840.34   | 83,650.60   | 36,162.65            | 48,664.85            |
|         | %Growth     | 16.41       | -1.4        |                      | 34.57                |

(b) Exports have witnessed growth in sectors like agricultural products comprising of animal products,  vegetable  products,  prepared  foodstuff;  engineering  goods  mainly  comprising  of machinery  and  mechanical  appliances,  vehicles,  aircraft;  precious  and  semi-precious  metals; chemical products etc.

(c) & (d) India benefits from preferential market access provided by the UAE on over 97% of its tariff lines which account for 99% of Indian exports to the UAE in value terms and include products from labour-intensive sectors (most of which are in MSME category) such as Gems and Jewellery,  Textiles,  leather,  footwear,  sports  goods,  plastics,  furniture,  agricultural  and  wood products.  Ministry  of  MSME  has  constituted  a  Joint  SME  Committee  under  the  provision  of bilateral  CEPA, to  promote partnership between  the SMEs of both sides and identify ways to assist SMEs in taking advantage of the commercial opportunities arising from India-UAE CEPA. Through Market Access Initiative (MAI) Schemes, MSMEs are provided financial help which acts as a catalyst to promote India's exports on a sustained basis to targeted countries including UAE.  Ministry  of  MSME,  through  its  International  Cooperation  (IC)  Scheme  has  facilitated participation  by  India  MSME  delegations  of  MSME  representatives  in  various  international trade-fairs/exhibitions held in UAE.

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