‘India, UAE can broaden economic ties’
Live MintIndia and the United Arab Emirates are looking to identify and incorporate commodities to diversify trade between the two countries, UAE ambassador to India 8said in an interview. He added that India, Europe, and the Middle East MoU for the India-Middle East-Europe Economic Corridor could potentially reduce shipping costs and facilitate efficient trade in goods and services. India, Europe, and the Middle East MoU for the India-Middle East-Europe Economic Corridor is a significant initiative that aims to boost connectivity, trade, and sustainability among participating countries. While this specific quantity of rice is significant, it is essential to recognise that both India and the UAE share a mutual interest in promoting bilateral trade and addressing food security concerns. Both India and the UAE are committed to fostering a robust and harmonious trade relationship that addresses food security, promotes economic growth, and respects the preferences of our trading partners.