International Trade Powerhouses

India and China, both with populations over 1 Billion, have a long history of trade and cooperation.  The Silk Road was an important trade route which connected China with the west through India as far back as second century BC.  Traders brought textiles, ebony, and spices across the 6,347 kilometer route.  The historically important trade route was also responsible for the spread of Buddhism.  In addition to the Silk Road, the spice routes that passed through India brought cinnamon, cassia, cardamom, ginger, pepper, and turmeric to Europe and Africa, having a huge impact on the way people prepared food.

In 1950, India was the first non-socialist country to recognize the People’s Republic of China as the legitimate government of China.  The 1960s were a time of tension for China and India as disputes over land rights led to military conflicts.

Continue reading International Trade Powerhouses

facebooktwittergoogle_plusredditlinkedinmail

Trade between the UAE and India

India and the United Arab Emirates (UAE) have long shared economic, political and cultural links.  The relationship between the two countries began to grow even more after the official establishment of the UAE in 1971.  In August 2004, India and the Gulf Corporation Council (Saudi Arabia, Kuwait, Qatar, Bahrain, the United Arab Emirates, and Oman) signed a free trade agreement to knock down trade barriers between the countries, which created enormous opportunity for international traders.

Continue reading Trade between the UAE and India

facebooktwittergoogle_plusredditlinkedinmail