Piyush Goyal, India’s commerce minister.
NEW DELHI: India and the United Arab Emirates (UAE) signed a broad trade and investment pact on Friday that will eventually cut all tariffs on each other’s goods and aims to increase annual trade between the two nations to US$100bil (RM420bil) within five years.
The virtual signing ceremony marked the first trade deal sealed by the Gulf state since it began pursuing such pacts last September in a bid to strengthen its status as a business hub.
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