- Signed in February this year, the ambitious India -UAE Trade pact has come into force. It would boost bilateral trade from 60 bn USD to 100 bn USD in the next five years.
- The Comprehensive Economic Partnership Agreement (CEPA), would see duty-free trade of goods and services on both sides. UAE has been able to diversify its economy beyond fuel.
- India - UAE Cooperation has been strengthened all these years. Recently, UAE has roped in India for opening an IIT Campus there and the government of India has agreed to open the first overseas campus of IIT there.
Question:
Q.1 What is India's current bilateral trade volume with the UAE?a. 60 bn USD
b. 100 bn USD
c. 110 bn USD
d. 120 bn USD
