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- The UAE participated as a guest country at G20 Summit
The UAE participated as a guest country at G20 Summit in New Delhi on September 9–10, 2023
The G20 countries are the UAE's largest trading partners. In 2022, non-oil trade between two sides reached $341 billion – 55% of the UAE's total foreign trade.
India, UAE and Saudi Arabia announced the creation of the India–Middle East–Europe Economic Corridor (IMEC), aimed to:
- Boost trade
- Enhance integration between countries
- Reduce shipping costs
The UAE has joined the Global Biofuel Alliance (GBA), launched by India to:
- Take ethanol blending with petrol up to 20% or work on another mix
- Develop the use of biofuels to achieve net zero emissions
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