792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ...

2. Most Emirati males prefer to wear a kandura, an ankle-length white tunic
woven from wool or cotton, and most Emirati women wear an abaya, a black
over-garment covering most parts of the body.
3. Its importance is underlined by the fact that it accounts for around 4% of
GDP, 14% of the industrial production and 17% of the country’s total earnings
export.
4. Govt. of India has established Export Processing Zones (EPZs) and Special
Economic Zones (SEZs). In EPZs units can import goods free of custom duty.
There is 5-year tax holiday to any industrial unit in EPZs.
5. India and the United Arab Emirates (UAE) enjoy a strong and friendly
relationship based on historical contacts, shared traditions and values. This
relationship has been buttressed by long standing people to people and
commercial contacts. The two countries have established strong partnerships
in the field of commerce and trade. This partnership is expanding, diversifying
and emerging into a strategic partnership.
CONCLUSION (PETRO CHEMICAL INDUSTRY)
We can conclude to the fact that bilateral trade and agreements between India and
UAE have showed a optimistic development in all forms. The recent interest by
policy makers of both nations to further supplement trade ties and its relation is also
important to note in perspective of international business.
As a result of growing economic relations between UAE and India, it is further
recommended that policy makers can further undertake many unitary measures to
boost trade.
Furthermore, the point to consider is that without any bilateral ties and agreement,
facilitating trade and commerce presents a mockery of itself. Hence, the measure
undertaken by both nations in terms of policy that is effective to one another have
had a close share to boost economic relationship between India and UAE in the
current state of affairs.
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