India, UAE & Israel s trilateral trade could reach $110 billion by 2030: Report
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(Reuters)
Harinder Mishra
, PTI
The European business school (ESCP) in a seminar organised recently also highlighted the global potential of trilateral ties between Israel, the UAE and India
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Tapping into the mutual strengths of India, Israel and the UAE could propel the trilateral trade between the countries to a high of USD 110 billion by 2030, top diplomats and members of the business community have said.
The comments were made at an event organised by the International Federation of Indo-Israel Chambers of Commerce (IFIICC) on Sunday to discuss the ongoing business collaborations being pursued through IFIICC s leadership across sectors.
Updated Feb 24, 2021 | 13:06 IST
India’s exports to China increased by 11% to $19 billion in 2020 despite Covid-19 demand shock which led to subdued global trade during the year China topples US as India s top trading partner in 2020; New Delhi s exports to Beijing increase | Photo Credit: Thinkstock
Key Highlights
India’s exports to China increased by 11% to $19 billion in 2020 despite the Covid-19 demand shock
India s trade deficit with Beijing stood at $40 billion in 2020
India blocked 220 Chinese apps in retaliation to Galwan Valley border conflict which left casualties on both sides
China clawed back to being India’s largest trading partner overtaking the US in 2020 despite the Indian government’s best efforts to reduce reliance on cheap Chinese exports amid a tense border conflict with the PLA in eastern Ladakh.