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Trilateral Trade of India, United Arab Emirates and Israel Could Hit $ 110 Billion by 2030: Senior Diplomats | India News


JERUSALEM / DUBAI: Building on India’s mutual strengths, Israel and the United Arab Emirates could boost trilateral trade between the countries to a maximum of $ 110 billion by 2030, senior diplomats and members of the business community have said.
The remarks were made at an event hosted by the International Federation of Indo-Israeli Chambers of Commerce (IFIICC) on Sunday to discuss ongoing business collaborations taking place through IFIICC’s leadership across sectors.
“The international business potential supported by Israeli innovation, the UAE’s visionary leadership and the strategic partnership of both nations with India could be $ 110 billion by 2030,” said Ambassador Ilan Sztulman Starosta, head of the Israeli mission. in Dubaiit said in a press release issued by IFIICC.
Echoing similar sentiments, UAE Ambassador to India and Founding Trustee of IFIICC, Dr. Ahmed Abdul Rahman AlBanna, said that “UAE-India bilateral trade is projected to grow from $ 60 billion in 2020 to $ 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 in Dubai, said that “the Indian business community in the UAE could significantly draw on the strengths of this trilateral to boost the economic growth of all nations.”
Ran Tuttnauer, Honorary President of IFIICC in Israel and President of the Israel Manufacturers Council of the Israel Manufacturers Association (MAI) participated in the event virtually from Tel Aviv.
Tuttnauer emphasized that “the future will be international business through the United Arab Emirates in collaboration with India using Israeli innovation.”
IFIICC was launched on December 14 last year and seeks to establish offices around the world, enlisting the support of the Indian diaspora, the largest in the world.
“Innovation and collaboration can help usher in a new post-pandemic era of sustainable economic growth,” said Merzi Sodawaterwala, founder and president of IFIICC.
Kamal Vachani, IFIICC Honorary President for the United Arab Emirates and Group Director and Partner of Al Maya Group, noted that “the innovation and economic prospects of this trilateral are endless.”
The European Business School (ESCP) in a recently organized seminar also highlighted the global potential of trilateral ties between Israel, the United Arab Emirates and India. The seminar held last month was organized in cooperation with SPJIMR.
Established in 1819, the ESCP Business School (École Supérieure de Commerce de Paris) is considered the world’s first business school.
The post-Abraham phase that normalized Israel’s ties with some of the Arab countries has generated a lot of interest in this trilateral partnership with various events organized by various organizations, including major banks.

Times of India