This MoU seeks to foster friendships and understanding between the business communities of India and UAE. It would also promote cooperation in trade, investment, technology transfer, services and industry between the business communities.
Under this MoU, both parties will regularly exchange information about the economic development of India and UAE with a view to opening up possibilities for increased trade between the two countries and for the expansion of economic and industrial cooperation between the enterprises. They have arrived at an understanding to provide information and necessary assistance to enterprises, organizations and companies of the other country to participate in national exhibitions, international fairs, specialized exhibitions, economic and technical fairs, symposium, conferences and similar events taking place in its country aiming at expansion of economic cooperation.
There is a common agreement to encourage the exchange of technical expertise, know-how and training opportunities between their respective members.
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