The strategic partnership between the two countries will be discussed. India and UAE have been discussing for a long time an agreement to leave the dollar and do business in dirham and rupee. In such a situation, PM Modi’s visit to UAE is very important. UAE is India’s fourth largest oil supplier UAE is India’s third largest trading partner. There is a business of more than 6 lakh crore rupees between the two countries. In this, UAE has imported Rs 2 lakh crore from India. India has a financial deficit with UAE. That is, India imports more from UAE and exports less. India has imported 4 lakh crore rupees from UAE in the financial year 2022-23. India had also signed a trade pact with UAE. India’s major exports to the UAE include petroleum products, metals, stones, gems and jewellery, minerals, food items such as cereals, sugar, fruits and vegetables, tea, meat and seafood, textiles, engineering machinery products and chemicals. ,
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