India and the UAE have agreed to accelerate work on initiatives to settle bilateral trade in local currencies and integrate their payment and financial messaging systems, as the two countries seek to make cross-border trade and investment more efficient and resilient.
The agreement was reached at the 14th meeting of the India-UAE High Level Joint Task Force on Investments, co-chaired by Commerce and Industry Minister Piyush Goyal and Abu Dhabi Investment Authority Managing Director Sheikh Hamed bin Zayed Al Nahyan, PTI reported.
