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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