Union Commerce Minister Piyush Goyal is going to make a 2-day visit to the UAE from 18-19 September to co-chair the 13th meeting of the India-UAE High-Level Joint Task Force. According to sources, this visit will focus on the progress of the India-UAE bilateral trade agreement and further explore new investment opportunities
Reviewing Bilateral Trade Agreement and exploring new investment opportunities
The minister will co-chair the HLJTFI with Sheikh Hamed bin Zayed Al Nahyan, Managing Director of the Abu Dhabi Investment Authority. Moreover, he will evaluate progress on the India-UAE Comprehensive Economic Partnership Agreement (CEPA), the Double Taxation Treaty, and UAE-India Central Bank matters. The two nations are expected to look for investment opportunities in sectors including maritime, space and advanced technologies.
Furthermore, the minister also plans to meet the CEOs of prominent Indian and UAE companies as he will co-chair the UAE-India Business Council (UIBC) roundtable with Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade. Additionally, he is expected to interact with H.H. Sheikh Tahnoun bin Zayed Al Nahyan, National Security Advisor of the UAE, and Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED); and Syed Basar Shueb, Managing Director of IHC, as well as several significant private sector stakeholders.
12th meeting of India-UAE High Level Task Force on Investments
The 12th meeting of the India-UAE High Level Task Force on Investments had taken place in Mumbai last year, which witnessed the ratification of the India-UAE Bilateral Investment Pact signed during Prime Minister Narendra Modi’s visit to the UAE in February 2024. Notably, the investment task force was created in 2013 to promote bilateral trade agreement ties, identify new investment opportunities, and resolve investor issues between India and the UAE.