2 hrs ago
India, UAE Set $200 Billion Bilateral Trade Target by 2032
India and the UAE want to do more business with each other.
They set a goal of reaching $200 billion in trade by 2032.
This would be twice their current bilateral trade level, according to the report.
Indian minister Piyush Goyal announced the plan.
He made the announcement after a meeting in Mumbai.
The meeting was the 14th session of a joint task force.
The two countries discussed stronger economic connections.
They also talked about creating more investment opportunities.
India and the UAE aim to double bilateral trade to $200 billion by 2032.
Commerce and Industry Minister Piyush Goyal announced the target.
Goyal co-chaired the 14th India-UAE High Level Joint Task Force meeting.
The meeting took place in Mumbai and focused on economic ties.
Officials discussed expanding investment opportunities between India and the UAE.
- Who
- India, the UAE, and Commerce and Industry Minister Piyush Goyal.
- What
- The countries set a target to double bilateral trade to $200 billion by 2032.
- Where
- The meeting took place in Mumbai.
- When
- The announcement was made after the 14th task force meeting; the target year is 2032.
- Why
- The countries aim to strengthen economic ties and expand investment opportunities.
Key facts
- Trade target
- $200 billion in bilateral trade
- Target year
- 2032
- Target basis
- Doubling bilateral trade
- Announced by
- Piyush Goyal, India's Commerce and Industry Minister
- Meeting
- 14th India-UAE High Level Joint Task Force
- Location
- Mumbai
- Discussion focus
- Economic ties and investment opportunities
Sources
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