UAE, India should tap opportunities

UAE, India should tap opportunities. (AP)

The Ministry of Foreign Trade has urged the private sector in the UAE and India to tap investment opportunities generated by reforms in both countries.

In a study released yesterday, MOFT said there are a host of potential and various opportunities for stronger economic cooperation and joint projects between the two countries. Each and every sector can be the venue of co-operation due to the availability of expertise, modern technologies, energy and funds. The study was released to mark the start of an official visit by Minister of Foreign Trade Sheikha Lubna Al Qassimi to India.

The study noted the GCC-India Framework Agreement for Economic Co-operation is a platform for expanding and liberalising their trade relations including initiating discussions on the feasibility of a free trade area.

Delegation

Minister of Foreign Trade Sheikha Lubna Al Qasimi yesterday begun a visit to India to enhance trade co-operation and promote investment opportunities available in the UAE.

She is being accompanied by a delegation of 43 representatives from the public and private sectors including government departments from the different emirates and foreign banks and international companies operating in the UAE.

The visit includes a promotional tour across four Indian cities including Delhi, Mumbai, Hyderabad and Bangalore.

 

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