India enjoys close and multifaceted relations with UAE and during the last three years, the two countries were each other's largest trading partners.
Bilateral trade during 2011-12 was USD 67 billion. UAE contributes significantly to India's energy security and also hosts an Indian community of 1.75 million, the largest expatriate community in the country.
UAE was the fifth largest import source of crude oil for India in 2010-11 with import of 14.20 MMT.
Total FDI from UAE to India is estimated to be USD 1.8 billion. UAE is the tenth biggest investor in India in terms of FDI.
External Affairs Minister S M Krishna had visited the UAE from April 14 to 16.
Both countries also have regular exchange of dialogue in the field of defence. There have been goodwill visits of Indian Navy ships to the UAE from time to time.
In recent years, bilateral defence cooperation has been strengthened, officials here said.