India and the United Arab Emirates (UAE) aim to boost their bilateral trade to a remarkable US$ 100 Billion.

India and the United Arab Emirates (UAE) aim to boost their bilateral trade to a remarkable US$ 100 Billion.

Daily Current Affairs / India and the United Arab Emirates (UAE) aim to boost their bilateral trade to a remarkable US$ 100 Billion.

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Category : National Published on: January 12 2024

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The partnership extends beyond trade, covering diverse areas such as space exploration, security, education, and climate action.
The countries seek innovative ideas from industries to further strengthen their collaboration.
Bilateral trade has seen growth under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).
Notable collaborations include the India-Middle East-Europe economic corridor and initiatives to promote Rupay and facilitate direct trade between the Indian rupee and the UAE dirham.
Plans for establishing a Bharat Park in the Jebel Ali Free Zone aim to open up international trade opportunities, enhancing India's global visibility.
Indian Commerce Minister Piyush Goyal acknowledges the exceptional leadership of UAE President Sheikh Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi.
Emphasizes the significance of the UAE India Business Summit as a platform to unlock the vast potential of the partnership.

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