India, UAE and Israel’s trilateral trade has immense potential

Top diplomats said at an event organised by the International Federation of Indo-Israel Chambers of Commerce (IFIICC) on Sunday that the trilateral trade between  India, Israel and the UAE has a potential worth US$ 110 billion by 2030. The event was held to discuss the ongoing business collaborations being pursued through IFIICC’s leadership across sectors.

“The international business potential backed by Israeli innovation, UAE’s visionary leadership and strategic partnership of both nations with India could be USD 110 billion by 2030,” Ambassador Ilan Sztulman Starosta, Head of the Israeli mission in Dubai, stated. Ambassador of the UAE to India and Founding Patron of IFIICC, Dr Ahmed Abdul Rahman AlBanna, added, “UAE and India’s bilateral trade is projected to grow from USD 60 billion in 2020 to USD 100 billion by 2030. UAE is a gateway to the world and this trilateral with India and Israel could benefit the world.”Dr Aman Puri, Consul General of India to Dubai, commented, “The Indian business community in the UAE could significantly leverage the strengths of this trilateral to boost the economic growth of all nations.”