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DAVOS 2023: UAE and India discussing settling non oil trade in rupees

DAVOS 2023: UAE and India discussing settling non-oil trade in rupees

DAVOS 2023: UAE and India discussing settling non-oil trade in rupees
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By PTI Jan 20, 2023 10:18:15 AM IST (Published)

The minister said other countries, including China, had also raised the issue of settling non-oil trade payments in local currencies. He added that the UAE is hoping to conclude a trade agreement with Cambodia in the first quarter.

The United Arab Emirates is in early discussions with India to trade non-oil commodities in Indian rupees, Minister for Foreign Trade Dr Thani Al Zeyoudi told Reuters on Thursday.

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The minister said other countries, including China, had also raised the issue of settling non-oil trade payments in local currencies. He added that the UAE is hoping to conclude a trade agreement with Cambodia in the first quarter.
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