For a better experience, Read this story in our App
TO ENJOY ADDITIONAL BENEFITS
Connect With Us
Get BusinessLine apps on
United Arab Emirates Deputy Prime Minister and Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan | Photo Credit: EVGENIA NOVOZHENINA
United Arab Emirates Deputy Prime Minister and Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan is visiting India to participate in the bilateral Strategic Dialogue and the 15th India-UAE Joint Commission Meeting
Sheikh Abdullah bin Zayed Al Nahyan is in India on a three day visit, from December 11-13. “His visit will further strengthen the multifaceted comprehensive strategic partnership between India & UAE,” MEA Spokesperson Randhir Jaiswal said in a post on X on Thursday.
The India-UAE Strategic Dialogue will be co-chaired by the visiting Minister and External Affairs Minister S Jaishankar.
The two are expected to review all aspects of India-UAE bilateral relationship, including strategic and economic, in their meeting.
The UAE was India’s third-largest trading partner and second largest export destination in FY24, with exports at $35.62 billion and imports at $48 billion.
From April 2000 to March 2024, total FDI inflow from the UAE into India was valued at $18.5 billion, making UAE the seventh-largest overseas investor in India.
India and the UAE implemented a Comprehensive Economic Partnership Agreement in May 2022 to increase bilateral trade and investments further.
Last year, the two countries signed an MoU on establishing a local currency settlement system between the Reserve Bank of India and the Central Bank of the UAE.
Published on December 12, 2024
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.