India-U.A.E. bilateral investment treaty comes into effect — key features
U.A.E. is 7th largest with a share of 3% in FDI received in India, with a total investment of $19 bn from April 2000-June 2024
U.A.E. is 7th largest with a share of 3% in FDI received in India, with a total investment of $19 bn from April 2000-June 2024
This comes a month after PM Modi and U.A.E. President discussed developing the local currency settlement system between the two countries to settle bilateral trade.
Bilateral trade between India and U.A.E. has witnessed tremendous growth of 20% since CEPA came into force.
The surge in trade between India and the Netherlands is attributed to an increase in shipments of petroleum products, electronic items, chemicals and aluminium goods.