{"id":272666,"date":"2024-01-10T21:00:17","date_gmt":"2024-01-10T21:00:17","guid":{"rendered":"https:\/\/hamslivenews.com\/?p=272666"},"modified":"2024-01-11T05:02:51","modified_gmt":"2024-01-11T05:02:51","slug":"india-and-uae-target-100-billion-bilateral-trade","status":"publish","type":"post","link":"https:\/\/www.hamslive.com\/news\/2024\/01\/india-and-uae-target-100-billion-bilateral-trade\/","title":{"rendered":"India and UAE target $100 Billion bilateral trade"},"content":{"rendered":"<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-utcqe-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-utcqe-1n7m0yu\">\n<div class=\"flex flex-col pb-9 text-sm\">\n<div class=\"w-full text-token-text-primary\" data-testid=\"conversation-turn-5\">\n<div class=\"px-4 py-2 justify-center text-base md:gap-6 m-auto\">\n<div class=\"flex flex-1 text-base mx-auto gap-3 md:px-5 lg:px-1 xl:px-5 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem] group final-completion\">\n<div class=\"relative flex w-full flex-col lg:w-[calc(100%-115px)] agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"d4e63693-a030-4545-ac94-9d30f90fb922\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>Union Minister of Commerce &amp; Industry, Piyush Goyal, announced today the ambitious goal of expanding bilateral trade between India and the United Arab Emirates (UAE) to an impressive US$ 100 Billion. This declaration was made during the &#8216;UAE India Business Summit&#8217; at the 10th edition of the Vibrant Gujarat Global Summit, held in Gandhinagar, Gujarat.<\/p>\n<p>Emphasizing the diverse nature of the India-UAE partnership, Goyal highlighted collaborations in space exploration, security, education, and climate action. He expressed that both nations are actively seeking innovative propositions from industry and business to further enhance their ties. Bilateral trade has experienced a significant increase under the India UAE Comprehensive Economic Partnership Agreement (CEPA).<\/p>\n<p>Key collaborations, such as the India-Middle East-Europe economic corridor and initiatives promoting Rupay to facilitate direct trade between the Indian rupee and the UAE dirham, were underscored.<\/p>\n<p>Minister Goyal expressed delight at the prospect of deepening bilateral relations, describing the UAE India Business Summit as a platform to unlock the vast potential inherent in the partnership. He commended the exceptional leadership of UAE President H.H. Sheikh Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi for elevating the relationship between the two countries.<\/p>\n<p>Envisioning the India-UAE partnership as a defining alliance of the 21st century, rooted in shared history and aspirations for mutual progress, Minister Goyal expressed gratitude to UAE Minister of State for Foreign Trade, H.E. Dr. Thani bin Ahmed Al Zeyoudi, and Chairman and CEO of DP World Group, Sultan Ahmed bin Sulayem, for their contributions to fostering enduring friendship.<\/p>\n<p>Acknowledging pivotal roles in bolstering the UAE-India business relationship, Minister Goyal praised the efforts of leaders like Sultan Ahmed bin Sulayem and Yousuf Ali Abdulqader, Vice Chairman of the Abu Dhabi Chamber of Commerce. He specifically commended the UAE&#8217;s political stability, business-friendly policies, and infrastructural advancements as conducive factors for mutual growth and prosperity.<\/p>\n<p>Highlighting India&#8217;s demographic advantage and its young, aspirational population, Minister Goyal invited investors to participate in India&#8217;s growth story, emphasizing the nation&#8217;s potential to offer substantial returns and contribute to the dreams and aspirations of its 1.4 billion people.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mt-1 flex justify-start gap-3 empty:hidden\">\n<div class=\"text-gray-400 flex self-end lg:self-center justify-center lg:justify-start mt-0 -ml-1 visible\"><button class=\"flex items-center gap-1.5 rounded-md p-1 text-xs hover:text-gray-950 dark:text-gray-400 dark:hover:text-gray-200 disabled:dark:hover:text-gray-400 md:invisible md:group-hover:visible md:group-[.final-completion]:visible\"><\/button><\/p>\n<div class=\"flex\"><\/div>\n<div class=\"flex items-center gap-1.5 text-xs\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"absolute\">\n<div class=\"flex w-full gap-2 items-center justify-center\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"w-full pt-2 md:pt-0 dark:border-white\/20 md:border-transparent md:dark:border-transparent md:w-[calc(100%-.5rem)]\">\n<form class=\"stretch mx-2 flex flex-row gap-3 last:mb-2 md:mx-4 md:last:mb-6 lg:mx-auto lg:max-w-2xl xl:max-w-3xl\">\n<div class=\"relative flex h-full flex-1 items-stretch md:flex-col\">\n<div class=\"flex w-full items-center\"><\/div>\n<\/div>\n<\/form>\n<\/div>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.hamslive.com\/news\/2024\/01\/india-and-uae-target-100-billion-bilateral-trade\/\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 100% !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Union Minister of Commerce &amp; Industry, Piyush Goyal, announced today the ambitious goal of expanding bilateral trade between India and the United Arab Emirates (UAE) to an impressive US$ 100 Billion. This declaration was made during the &#8216;UAE India Business Summit&#8217; at the 10th edition of the Vibrant Gujarat Global Summit, held in Gandhinagar, Gujarat. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":272667,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52,45,8064],"tags":[80,164,153,6667],"class_list":{"0":"post-272666","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"category-india","9":"category-uae","10":"tag-economy","11":"tag-india","12":"tag-uae","13":"tag-union-minister"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India and UAE target $100 Billion bilateral trade<\/title>\n<meta name=\"description\" content=\"Union Minister of Commerce &amp; Industry, Piyush Goyal, announced today the ambitious goal of expanding bilateral trade between India and the United Arab Emirates (UAE) to an impressive US$ 100 Billion.\" \/>\n<meta name=\"robots\" content=\"index, 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