Bilateral trade between the United Arab Emirates (UAE) and India was worth $44.5 billion in 2008-2009, WAM news agency reported Friday, citing India's Minister of State for External Affairs Shashi Tharoor.
This accounts for about half of India's total trade in the Gulf region. The figure is excluding the oil sector. India's trade with the six-member Gulf Cooperation Council (GCC) reached $86.9 billion, putting it ahead of the European Union ($80.6 billion) and ASEAN countries ($44.6 billion). Read more
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