Interviews
Nath seeks greater trade with UAE in agro products
07 Jun '07
1 min read
Shri Kamal Nath, Union Minister of Commerce & Industry, in a meeting with Sheikh Abdullah Bin Zayed Al-Nahyan, Minister of Foreign Affairs, United Arab Emirates (UAE), sought greater trade between India and UAE in agro products. “Greater trade in agro products with UAE and the entire Gulf region is important to India."
The UAE Minister concurred with Shri Kamal Nath's suggestion that a delegation from Agriculture and Processed Food Export Development Authority (APEDA) can visit UAE to discuss the possibilities in food and agriculture sector with the importers in UAE.
The UAE Minister informed that less than 1% of all UAE investments were in India and UAE was keen to focus on investing in India's economy including the agriculture sector.
The trade between India and UAE was US $ 12.9 billion in 2005-06.Exports from India were US $ 8.59 billion while imports were US $ 4.31 billion.
Main items for import from UAE includes pearls, precious and semi-precious stones, gold etc and the main export items from India includes gems & jewellery, non-ferrous metals, manmade yarn etc.
The UAE Minister concurred with Shri Kamal Nath's suggestion that a delegation from Agriculture and Processed Food Export Development Authority (APEDA) can visit UAE to discuss the possibilities in food and agriculture sector with the importers in UAE.
The UAE Minister informed that less than 1% of all UAE investments were in India and UAE was keen to focus on investing in India's economy including the agriculture sector.
The trade between India and UAE was US $ 12.9 billion in 2005-06.Exports from India were US $ 8.59 billion while imports were US $ 4.31 billion.
Main items for import from UAE includes pearls, precious and semi-precious stones, gold etc and the main export items from India includes gems & jewellery, non-ferrous metals, manmade yarn etc.
Press Information Bureau Government of India
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