Hamad Sayah Al Mazrouei, Undersecretary of the Abu Dhabi Department of Economic Development, on Thursday highlighted the growing strength of India-UAE economic ties during a business delegation's visit here in India.
"This (US tariff) brings opportunity for the relationship between our two countries. The bilateral relationship should take advantage...," the UAE politician told ANI in Dubai.
According to a press release, the two leaders expressed confidence that Bharat Mart will propel India-UAE bilateral trade further by leveraging Jebel Ali Port's strategic location and strength in logistics.
"Basic foundation on which I believe we are looking to expand the trade between our two countries, significantly, at least to make it USD 100 billion, very quickly, said Goyal at the meeting with top business leaders from India and UAE hosted by Abu Dhabi Chamber.
DP World's Jebel Ali Free Zone (Jafza) is supporting the growth of India - UAE bilateral trade relations by outlining its efforts to drive towards the $100 billion goal for non-oil trade over the next five years.
During the past year, CEPA has made a significant impact on India's Bilateral Trade with the UAE and particularly India's Exports to the UAE (Oil and Non-Oil). The Bilateral Trade between India and the UAE has touched historic highs during FY 2022-23. Trade has increased from USD 72.9 bil
United Arab Emirates' Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan is in India for a two-day official visit to strengthen the relationship between the two countries.