India to become top trade partner of UAE by 2020 | 2019-01-20

India to become top trade partner of UAE by 2020

AP

20th January, 2019 10:37:20 printer

India to become top trade partner of UAE by 2020

 

India is expected to become the top trade partner of the United Arab Emirates (UAE) in 2020 through doubling their annual trade volume, a UAE minister said Saturday.

 

The annual trade volume between India and the UAE, which stood at 57 billion U.S. dollars in the past few years, could exceed 100 billion dollars by 2020, the official news agency WAM quoted Thani Ahmed Al-Zayoudi, the UAE minister of climate change and environment, as saying. 

 

Thani made the remarks after meeting with Indian Prime Minister Narendra Modi in India's western state of Gujarat, where he is attending the ninth Vibrant Gujarat Global Summit, which runs from Jan. 18-20.

 

The summit is a platform for brainstorming on the agenda of global socio-economic development.


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