UAE-India trade ties on solid track

Inayat-ur-Rahman, Business Editor

The UAE, India bilateral trade all set to reach $100 billion by 2030.  The trade between both countries is up by 5.8 per cent since Comprehensive Economic Partnership Agreement (CEPA), which was inked  last year.

 The UAE and India saw more than $50b of bilateral non-oil trade since signing a Comprehensive Economic Partnership Agreement (CEPA), according to newly released trade data.

 It may be recalled that the first anniversary of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) this year and the two sides had launched the UAE chapter of their joint business chamber to bolster economic ties and facilitate enhancing bilateral trade and investment.

Rizwan Adatia, Chairman of COGEF Trading LDA told Gulf Today that India is one of the key trading partners of the UAE and a such major initiatives would go a long way in bringing both countries together.”

Adatia also noted that he is passionate about the eradication of poverty from this plant, adding that   he has a mission to improve the livelihoods of 10 million beneficiaries from the most marginalized communities by 2030.  

He outlined the focus of his foundation ‘RAF Global’ is to work for the uplifting of needy and deserving people in India, Democratic Republic of Congo, Mozambique, Madagascar, Switzerland, Afghanistan, and Bangladesh.

The programmes of the foundation are aligned with the UN Sustainable Development Goals (SDGs).” Talking about providing health systems, he explained, “RAF Global focuses on improving health systems and promoting food security in disadvantaged communities while encouraging self-reliance through economic inclusion for vulnerable citizens, especially women and children, and upskilling workers to promote employability.”

He plans to extend his philanthropy to the next level by creating an international NGO. In 2015 Adatia founded RAF Global with an aim to improve the quality of life of the most marginalized communities in Asia and Africa.