UAE + India to build a “green corridor” for trade: The Reserve Bank of India and the UAE Central Bank are in discussion to create a INR-AED trade arrangement to simplify customs procedures, increase trade flows, and get maximum benefits from the Comprehensive Economic Partnership Agreement (CEPA) signed between the two countries last year, which came into effect yesterday, according to Gulf News. The “green corridor” would see Indian exports handled digitally in Dubai and Abu Dhabi, before they are “ready for some other part of the world,” the news outlet quotes Indian Ambassador to the UAE Sunjay Sudhir as saying.

A joint committee will be created to address operational and implementation issues for the CEPA, with the first meeting slated to happen within a month, Sudhir said.

The UAE is looking to create new partnerships to strengthen its economic and trade relations with Morocco, UAE Economy Minister Abdullah bin Touq Al Marri said during a joint economic committee meeting with Moroccan ministers, Emirati state-owned news agency Wamreports. Al Marri also met with Moroccan Transport and Logistics Minister Mohamed Abdeljalil to discuss potential investments and cooperation in the fields of maritime, air and land transport, WAM reports. The joint economic committee also set a goal of doubling the countries’ trade volumes over the next seven years, according to a statement.

Egypt + Qatar’s finance ministers discuss boosting bilateral trade: Egyptian Finance Minister Mohamed Maait and his Qatari counterpart, Ali bin Ahmed Al Kuwari, discussed cooperation on tax, customs, and in the financial sector in order to improve conditions for bilateral trade and exports, the ministry said in a statement. The Qatari minister also invited Maait to attend the Qatar Economic Forum in Doha later this month.

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