India and United Arab Emirates (UAE) to sign MoUs on LPG supplies and Strategic Petroleum Reserves

Key facts

• India and the UAE are expected to sign two Memoranda of Understanding (MoUs) to boost Liquefied Petroleum Gas (LPG) supplies and energy security.
• Bilateral merchandise trade between India and UAE reached US$101.25 billion in FY 2025-26.
• Both nations have committed to doubling bilateral trade to US$200 billion by 2032.
• UAE is India's 7th-largest investor, with cumulative Foreign Direct Investment (FDI) inflows of US$25.19 billion.
• A Local Currency Settlement (LCS) system is in place to settle bilateral trade and remittances in Indian Rupee (INR) and UAE Dirham (AED).