New Delhi, Sept. 1 -- India and the United Arab Emirates are targeting $100 billion in trade by 2030, excluding oil and precious metals, India's commerce ministry said in a statement on Monday.

The target was decided during a meeting between Union commerce and industry minister Piyush Goyal and the UAE's minister of foreign trade, Dr. Thani bin Ahmed Al Zeyoudi, in New Delhi last week. They were reviewing bilateral trade between the two countries under the Comprehensive Economic Partnership Agreement (CEPA) that came into effect in 2022.

Both leaders stressed deeper cooperation in emerging sectors such as renewable energy, digital infrastructure, supply chain, and healthcare, charting the next phase of bilateral economic engagement, acc...