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India, UAE agree to raise non-petroleum bilateral trade to $100 bln ... - Reuters.com

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India, UAE agree to raise non-petroleum bilateral trade to $100 bln by 2030: minister | Reuters

India, UAE agree to raise non-petroleum bilateral trade to $100 bln by 2030: minister

NEW DELHI, June 12 (Reuters) - India and the United Arab Emirates have mutually agreed to raise non-petroleum bilateral trade between the two countries to $100 billion by 2030, the South Asian nation's trade minister said on Monday.

The central banks of both countries were also discussing rupee-dirham trade mechanism, India trade minister Piyush Goyal said after a meeting with UAE foreign trade minister Thani bin Ahmed Al Zeyoudi.

Reporting by Shivangi Acharya, writing by Shilpa Jamkhandikar; editing by Sudipto Ganguly

Our Standards: The Thomson Reuters Trust Principles.

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While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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