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The Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has said the free trade agreement between India and the UAE has transformed the partnership between the two countries by promoting two-way commerce at a healthy rate. The agreement came into force on May 1 last year. 

He said that initial gains of the pact have already started accruing with bilateral trade growing at around 20 per cent and touching an all-time high of around $84 billion during 2022-23.

Singh, along with Juma Mohammed Al-Kait, Assistant Undersecretary for International Trade, Ministry of Economy, United Arab Emirates and Sunjay Sudhir, Ambassador of India to the UAE, inaugurated the International Jewellery Exposition Centre in Dubai. Around 100 companies from India and UAE, including representatives from Export Promotion Councils from India, have participated in the expo.