India And UAE Set Rounds Of International Trade Talks

India and the United Arab Emirates is set to ink a deal that will improve international trade between them. The bilateral talks will focus on investment opportunities as well as long-term international trade relations. The UAE is one of India's top trading partners, comprising about six percent of total exports.

During the meeting, India bared its desire to establish several Indian banks in the UAE. Indian Commerce Minister Kamal Nath requested for the lifting of international trade restrictions such as work permits and visas. For its part, the UAE, represented by Economy Minister Shaikha Lubna Al Qasimi, made an inquiry on the anti-dumping policies which India enforced on their products. The demands were accompanied by an agreement to surpass the $12.9 billion worth of exports they accumulated in 2005 to 2006.