Commerce and trade minister Piyush Goyal will meet UAE financial system minister Abdulla Bin Touq Al Marri on Wednesday right here and talk about methods to additional enhance commerce ties between the 2 international locations, an official assertion mentioned on Tuesday. A high-level delegation led by the UAE minister is visiting India from Wednesday.

“Through the go to, the delegation can be assembly with Piyush Goyal, Minister of Commerce and Business, Shopper Affairs, Meals and Public Distribution and Textiles, on Might 11 and Might 13, 2022 in New Delhi and Mumbai respectively to debate bilateral commerce and funding relations,” the commerce ministry mentioned. The go to gives a chance to additional strengthen the already shut and dynamic financial ties between the 2 international locations, it mentioned.

The go to additionally consists of interactions with key buyers of each side. The bilateral commerce between two international locations stood at USD 65.1 billion, making UAE India’s third largest buying and selling accomplice.

“India is on an formidable path to attain USD 5 trillion GDP by 2025 and UAE is taken into account as a priceless accomplice in India’s journey to understand this objective,” it mentioned Quite a lot of engagements in New Delhi and Mumbai, together with B2B occasions, trade interactions and investor conferences, are scheduled for the visiting UAE delegation throughout its keep within the nation, it added.

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