India Foreign Secretary signed long-term agreement with UAE for supply of 0.5mln T of LNG per annum and India and UAE to explore partnership in advanced civil nuclear tech
Newsquawk Staff ·
- India and UAE aim to double bilateral trade to USD 200bln by 2032.
What it means
The signing of this long-term LNG agreement between India and the UAE indicates a strengthened energy partnership, which can bolster energy security for India while diversifying UAE's export markets. This agreement could have broader implications for trade balances and investment flows in the Asia-Pacific region, possibly impacting USD and currency dynamics as bilateral trade aims to double by 2032.
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