2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which country has emerged as the second-biggest trading partner of Dubai, after China?
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Pakistan
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USA
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Russia
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India
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Explanation:
Detailed explanation-1: -India is the second-biggest trading partner, contributing over US$27 billion, a growth of 16% followed by the USA with US$15.5 billion and Switzerland US$12.7 billion.
Detailed explanation-2: -Since then, bilateral trade between the two countries has grown rapidly. Indiais the second largest UAE trading partner in the Middle East, and India is the UAE’s second largest trading partner in Asia.
Detailed explanation-3: -India was the UAE’s second-largest trade partner in 2021, with bilateral trade of nearly $64 billion, according to data compiled by Bloomberg. One area UAE is looking to expand is cryptocurrencies, Al-Zeyoudi said. “Crypto will play a major role for UAE trade going forward.
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