India-Arab trade to rise to $100 bn
Moussa said "Minister Mukherjee talked about $500-600 billion in trade and investment. I would venture to talk about reaching the goal of $100 billion in the coming two to four years if we continue to progress in the same active pace." Both leaders, however agreed that the bilateral trade can further increase to $500 billion in 10 years.
Inaugurating the six-day long India-Arab Forum – Partnership through Culture, Mukherjee declared: "We believe the Forum will emerge as a mechanism to strengthen and diversify our relations in various fields such as culture, trade, energy and human resources. The brick that we have laid today will be transformed into an edifice which does justice to our close and long-standing relations".
The Forum is organised by the apex industry body, FICCI, Indian ministry of external affairs and the League of Arab States.
Expressing India's unstinted support for the Palestinian cause, Mukherjee voiced concern at the lack of progress in the peace talks. In this context, he underlined the need to take the Arab peace initiative forward. "The end of the year, the target date for a settlement, is already upon us and
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