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 Embassy of India,P.O. Box 4090 Abu Dhabi United Arab Emirates |
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 Tel : +9712 4492700Fax: +9712 4444685/ +9712 4447768 |
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BILATERAL ECONOMIC & COMMERCIAL RELATIONS
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India and UAE have shared trade links through the centuries. The trade, which was dominated by traditional items such as dates and fishes, underwent a sharp change after the discovery of oil in UAE. With the emergence of UAE as a unified entity in 1971, exports from India started growing gradually over the years. The real impetus, however, started after Dubai positioned itself as a regional trading hub by early 1990s and about the same time, the economic liberalization process started in India. Growing India-UAE economic and commercial relations contribute to the stability and strength of a rapidly diversifying and deepening bilateral relationship between the two countries. Both sides are striving to further strengthen these ties for mutual benefits. India-UAE trade, valued at US$ 180 million per annum in the 1970s, is today in excess of US$ 67 billion making UAE, India's largest trading partner. |
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| India-UAE bilateral trade statistics(Million US$) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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(Source : Foreign Trade Statistics issued by DGCIS, Kolkata)
(Source : Foreign Trade Statistics issued by DGCIS, Kolkata) |
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Indians have emerged as important investors within the UAE and India as an important export destination for the UAE manufactured goods. The UAE, a long standing commercial and business hub of the Arabian world, has also emerged as a major re-export centre in the world , which is clearly reflected in the India-UAE growing bilateral trade. India's exports to the UAE are well diversified with a large basket. India's major export items to the UAE are: Petroleum Products, Precious Metals, Stones, Gems & Jewellery, Minerals, Food Items (Cereals, Sugar, Fruits & Vegetables, Tea, Meat, and Seafood), Textiles (Garments, Apparel, Synthetic fibre, Cotton, Yarn) and Engineering & Machinery Products and Chemicals. India's major import items from the UAE are: Petroleum and Petroleum Products, Precious Metals, Stones, Gems & Jewellery, Minerals, Chemicals, Wood & Wood Products. |
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