UAE and India Discuss Settlement of Non-Oil Trade in Rupees

Published: Apr 25, 2023 15:16

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United Arab Emirates Foreign Trade Minister Dr Thani Al Zeyoudi said on Thursday that the United Arab Emirates is in preliminary discussions with India on trading non-oil commodities in Indian rupees.

SHANGHAI, Apr 25 - United Arab Emirates Foreign Trade Minister Dr Thani Al Zeyoudi said on Thursday that the United Arab Emirates is in preliminary discussions with India on trading non-oil commodities in Indian rupees.

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

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