Bilateral Trade Relations Between India and UAE - Historical Perspective

Abstract

The bilateral relationship between the two countries are one of the most important index of the strong relationship between two countries. It reflects the strong bond of commercial, industrial and foreign trade and subsequently results in the relationship in versatile manner in other sectors of cooperation including cultural, religious, political and economic. This paper depicts the bilateral relationship between India and Gulf region including the United Arab Emirates in the ancient period. The relationship between India and United Arab Emirates can't trace back exactly but all the literatures, relics and other evidences available showing that India and the countries of the GCC countries are having a strong bilateral trade, commercial and cultural relationship between these countries. The sources of data are mainly secondary in nature and the researcher collected data from the various secondary sources consists of text books, journals, news papers, websites and various published literatures. The relationship between these countries reached to a new level after the invention of Crude Oil in these region especially with United Arab Emirates after the union of seven emirates on 2nd December,1971 under the leadership of His Highness Sheikh Zayed Bin Sultan Al Nahyan. United Arab Emirates is one of the country where the largest Indian expatriate community is settled for their employment and business purposes and large number of Indian professional are deploying their skills and expertise for the development of both the countries. Now, the relationship between
these countries are developed to a new strategic and commercial level and UAE became a new strategic partner in the middle east and at the international regime. All the policy decisions, bilateral agreements and strategies cultural, economic and commercial are showing that both the countries are treating each others are top priority strategic and vital partner in the Arab world resulting the enhanced investment of FDI in various sectors of these economy.