Tue Sep 10 21:49:37 UTC 2024: ## UAE and India Strengthen Economic Ties with Business Forum in Mumbai

**Mumbai, India – September 10, 2024** – The UAE and India have further solidified their economic partnership with the conclusion of the UAE-India Business Forum in Mumbai. The event, held under the theme “Beyond CEPA: Innovation and Future Ready Economies,” saw the participation of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, as part of his official visit to India.

The forum focused on key sectors such as healthcare, biotechnology, renewable energy, artificial intelligence, logistics, and agricultural technology, emphasizing the potential for growth and innovation in these areas.

Sheikh Khaled highlighted the significant role of the UAE-India Comprehensive Economic Partnership Agreement (CEPA) in boosting bilateral trade and economic growth. He underscored the UAE’s commitment to developing strong economic ties with India and creating a seamless, business-friendly environment for investment and cooperation.

Several key agreements were announced at the forum, demonstrating the commitment of both countries to expanding their economic partnership. Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, emphasized the forum’s role in fostering economic growth, noting a significant increase in bilateral non-oil trade since the CEPA came into effect in May 2022.

The event marks a significant step in strengthening business ties between the two nations and exploring new avenues for collaboration. It serves as a testament to the enduring and mutually beneficial partnership between the UAE and India.

**Other UAE News Highlights:**

* The UAE is set to participate in the 9th Belt and Road Initiative (BRI) summit in Hong Kong on September 11-12.
* The GCC Ministerial Council condemned the ongoing Israeli aggression in the Gaza Strip, rejecting any justifications for the attack as self-defense.
* The UAE has announced tougher penalties for non-compliance with corporate tax recordkeeping, effective from August 1st.

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