ENA Global 2023-02-23 17:53:53 <p><span style="font-size:14px"><strong>New Delhi, Feb 23 (KNN)</strong> To fast-track shipments between India and UAE, both the countries are planning to create a virtual trade corridor. </span></p> <p><span style="font-size:14px">Under the proposal, approvals and clearances related to customs will be given online on both sides.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">It aims to reduce cost and time for customs clearance and speed up bilateral trade. </span></p> <p><span style="font-size:14px">Complementing the bilateral comprehensive free trade agreement signed between India and the UAE last year it will ease trade between the two countries.</span></p> <p><span style="font-size:14px">The UAE last year signed an agreement with Kuwait to set up a virtual trade corridor. <em><strong>(KNN Bureau)</strong></em></span></p> 32413 https://knnindia.co.in/news/newsdetails/global/india-uae-ideate-virtual-trade-corridor-for-quicker-clearance-of-shipments 2023-02-23 17:53:53 knnindia.co.in