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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

India, UAE Sign Deal to Boost Trade to $100Bln by 2027

India UAE Commerce and Industry Piyush Goyal United Arab Emirates
The UAE is India's third-largest export destination after the United States and China. (Getty Images file phto)

India and the United Arab Emirates on Friday signed an agreement aimed at boosting bilateral trade to $100 billion from the current $60 billion over the next five years, an Indian foreign ministry statement said.

The accord signed by India’s Commerce and Industry Minister Piyush Goyal and UAE Economy Minister Abdulla bin Touq Al Marri is intended at benefiting business through enhanced market access and reduced tariffs. Details were not immediately available.

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