Abu dhabi: H.H. Sheikh Hamed bin Zayed Al Nahyan, Managing Director of the Abu Dhabi Investment Authority (ADIA), and Piyush Goyal, Minister of Commerce and Industry, Government of India, co-chaired the latest meeting of the India-UAE High Level Joint Task Force on Investments in Abu Dhabi today. The meeting brought together senior officials and industry leaders from both nations, emphasizing ongoing efforts to strengthen economic ties.

According to Emirates News Agency, the Joint Task Force, established in 2013, serves as a critical platform for promoting investment opportunities and resolving challenges faced by investors in both countries. The meeting focused on enhancing bilateral investment flows and exploring new areas of cooperation, reflecting the commitment to a robust economic partnership.

The implementation of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) in May 2022 has significantly boosted bilateral trade. In the first half of 2025, non-oil trade reached nearly US$38 billion, marking a 34% increase compared to the same period in 2024. This progress aligns with the UAE’s 2030 trade targets and highlights the strategic importance of CEPA in facilitating market access and fostering collaboration between the private sectors of both nations.

Key discussions included progress on joint investment projects such as the Bharat Mart in the Jebal Ali Free Zone, which underscores the economic synergies between India and the UAE. Additionally, future cooperation in the maritime and space sectors was explored, alongside strategic initiatives between the Central Banks of both countries to enable trade in local currencies and integrate payment systems.

The Joint Task Force also addressed current challenges faced by investors, with directives for teams from both sides to collaborate on resolving these issues promptly. The meeting concluded with affirmations from both Co-Chairs on the importance of ongoing dialogue and partnership in achieving mutual economic success.