India trade figures show UAE's strong position

New figures released by India show the UAE's strength as a major trading partner with the emerging economic powerhouse.

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The UAE was the largest trading partner with India in terms of total trade exchange during the first half of this year, according to a new report by the Ministry of Foreign Trade.

Released during the state visit of the Indian president, Pratibha Patilto, the Ministry's report said that trade exchange would reach Dh120.1bn (US$32.7bn) in 2010.

Among its non-oil trade, the UAE's main export to India was gold, at a value of Dh12.85bn (US$3.5bn).

* The National