Commerce and Industry Minister Piyush Goyal on Wednesday said that India’s exports have grown by 6 per cent in the first five months of the financial year and expressed confidence that the year will close “on a positive note.”
“As far as exports are concerned, I have consistently said that India’s exports are growing every year, and this year too, I expect exports to grow. Currently, we are seeing a growth of about six per cent compared to the corresponding five months of last year. I am very confident that we will end the year on a positive note,” he said.
The Minister also informed that trade talks are ongoing with the United States, the European Union, New Zealand, Chile, Peru, Oman, and several other countries.
Referring to the India-UAE Comprehensive Economic Partnership Agreement (CEPA), Goyal said it is “the fastest-growing FTA ever seen,” adding that exports to the UAE have been rising rapidly. “This is a very special relationship. There are lakhs, perhaps over 25 lakh Indians living in the UAE, earning an honest livelihood and contributing positively there,” he remarked.
Goyal will be visiting the UAE from September 18–19 to co-chair the 13th India-UAE High Level Task Force on Investments with Sheikh Hamed bin Zayed Al Nahyan, Managing Director of Abu Dhabi Investment Authority. The meeting will review progress on CEPA, the Double Taxation Treaty, and central bank matters, while also exploring opportunities in sectors like maritime and space.
During the visit, he will co-chair the UAE-India Business Council roundtable with UAE’s Minister of Foreign Trade, Thani bin Ahmed Al Zeyoudi, and hold interactions with CEOs and senior leaders across sectors. He is also scheduled to meet UAE’s National Security Advisor Sheikh Tahnoun bin Zayed Al Nahyan, along with other senior officials.
-IANS
