India and UAE ministers discuss ways to strengthen trade ties


Trade and Industry Minister Piyush Goyal will meet UAE Economy Minister Abdulla Bin Touq Al Marri here on Wednesday and discuss ways to further strengthen trade ties between the two countries, an official statement said on Tuesday .

A high-level delegation led by the UAE minister will visit India from Wednesday.

“During the visit, the delegation would meet with Piyush Goyal, Minister of Trade and Industry, Consumer Affairs, Food and Public Distribution and Textiles, on 11 and 13 May 2022 respectively in New Delhi and Mumbai to discuss bilateral trade and investment. relations,” the Ministry of Commerce said.

The visit provides an opportunity to further strengthen the already close and dynamic economic ties between the two countries, it said.

The visit also includes interactions with key investors from both sides.

Bilateral trade between the two countries amounted to USD 65.1 billion, making the UAE India’s third largest trading partner.

“India is on an ambitious path to reach USD 5 trillion GDP by 2025 and the UAE is seen as a valuable partner in India’s journey to achieve this goal,” stated a number of engagements in New Delhi and Mumbai, including B2B events, industry interactions and investor meetings are planned for the visiting UAE delegation during its stay in the country, it added.

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