To boost their $57-billion bilateral trade, India and United Arab Emirates (UAE) Friday decided to set up a high-level joint task force to further explore investment opportunities, including in the energy sector.
This decision was taken at half-hour talks between India's External Affairs Minister S.M. Krishna and UAE Foreign Minister Sheikh Abdullah Bin Zayed Al Nahyan here. The task force will be headed by the respective commerce ministers.
The UAE is India's largest trading partner and the fourth largest supplier of crude oil.
"The joint task force will explore further investment opportunities in all areas of investment, including the energy security sector," Krishna told reporters here after the meeting with the UAE minister.