India-UAE advance aluminium and steel bilateral trade pact – CEPA at the core
At a time when global bilateral trade relations face mounting uncertainty, India and the United Arab Emirates (UAE) are moving into a new alliance centered on premium aluminium and steel. According to a report on July 2, Union Steel Minister H.D. Kumaraswamy and UAE Economy Minister Abdulla Bin Touq Al Marri met as part of a high-level engagement to advance India-UAE cooperation under the CEPA (Comprehensive Economic Partnership Agreement) framework.
The meeting was focused on joint development of high-grade aluminium and steel, which are vital for India’s growing automobile and strategic sectors.
“We see clear synergy in jointly producing and trading high-quality steel and aluminium for use in sectors such as automobiles, mobility, and high-end manufacturing,” Shri Kumaraswamy said while emphasising India’s key role as the world’s second largest aluminium and steel producer, wherein he also outlined the nation’s commitment to green and high-value manufacturing of these two metals.
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