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

China (9.9 percent of the total). Other major countries of origin included the United
Kingdom, the United States, and India.
Exports
In 2005 UAE exports totaled US$126.5 billion; this number is projected to increase to
US$132.9 billion in 2006, as a result of record oil prices and the growth of non-oil
exports, and to US$137.3 billion in 2007 and US$143.7 billion in 2008. According to
official balance-of payments statistics, oil and gas exports account for almost 60
percent of the UAE’s total export revenues (including re-exports). Non-oil sectors of
the economy contribute approximately 40percent of the country’s total exports. The
primary destinations of UAE exports in 2005 were Japan (26 percent of total
exports), South Korea, Thailand, and India.
6. INDIA-UAE Trade Relations
India and United Arab Emirates (UAE) enjoy strong bonds of friendship which are
founded on millennia-old cultural, religious and economic intercourse between the
two regions. People-to-people contacts and barter trade between the two regions
have existed for centuries. The relationship flourished after the accession of H.H.
Sheikh Zayed Bin Sultan Al Nahyan as the Ruler of Abu Dhabi in 1966 and
subsequently with the creation of the UAE Federation in 1971. Both sides have
made sincere efforts to improve relations in all fields.
India has signed the following treaties with the UAE
Extradition Treaty, Mutual Legal Assistance Treaty in Criminal Matters & Mutual
Legal Assistance Treaty in Civil Matters: Signed in New Delhi in October, 1999
provide for Extradition and Mutual Legal Assistance in Civil and Criminal Matters
and came into force in May 2000.
Agreement on Juridical and Judicial Cooperation in civil and commercial
matters: Signed in New Delhi in October, 1999 and provides for Juridical and
Judicial Cooperation in Civil and Commercial Matters, came into force on
29.5.2000.
Parul Institute of Management and Research - 792 Page 17