India and United Arab Emirates Enter Trade Partnership

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India and the United Arab Emirates (UAE) signed a significant agreement on Tuesday concerning a trade corridor intended to link Europe with India through parts of the Middle East, using sea and rail routes.

This ambitious plan, supported by the United States and the European Union, aims to enhance regional connectivity and facilitate trade between the involved regions. While specific details of the agreement were not disclosed, the framework agreement marks a significant step in fostering cooperation and understanding between India and the UAE in matters of regional connectivity.

The announcement of the agreement came during Prime Minister Narendra Modi’s visit to the Gulf state, where he met with UAE President Sheikh Mohamed bin Zayed al Nahyan. Modi, who often refers to Sheikh Mohamed as his brother, emphasized the importance of the strong relationship between India and the UAE.

The UAE president echoed these sentiments, expressing optimism about the partnership and its potential to align with the ambitious aspirations of both countries.

Source: Reuters

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