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International relations

India inks free trade deal with UAE, eyeing $100bn in trade

New Delhi seeks to gain greater access to markets in West Asia and beyond

India's Minister of Commerce and Industry Piyush Goyal talks to Abdulla Bin Touq Al Marri, minister of economy of the UAE, during their joint news conference in New Delhi.   © Reuters
KIRAN SHARMA, Nikkei staff writer | India

NEW DELHI - India and the United Arab Emirates signed on Friday a comprehensive economic partnership agreement that promises to nearly double trade between the two nations to $100 billion in the next five years.

Via the deal, New Delhi hopes that the UAE can serve as a gateway to other markets in West Asia, Africa and Europe.

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