New Delhi: The total trade value between India and Dubai has reached US$ 20.5 billion in the first half of 2012, accounting for 13 per cent of Dubai's total foreign trade.
The total value of Dubai’s imports from India reached US$ 9.5 billion during the first six months of 2012. The imports comprise diamonds, jewellery, electronic devices and mineral oil, according to Mr Ahmed Butti Ahmed, Executive Chairman, Ports, Customs and Free Zone, and the Director-General of Dubai Customs.
During the same period the value of exports to, India comprising mainly gold, diamonds, jewellery and copper wires, stood at US$ 5.17 billion. Dubai's re-exports to India stood at US$ 5.98 billion.
The Dubai-India trade relationship is witnessing a significant growth, due to the distinctive ties between the Governments and people of the two countries and the joint economic agreements, as per Mr T Tiju Ahmed, Indian Economic Consul to Dubai.
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