India, Qatar aim to double trade to $28 bln in five years

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New Delhi: India and Qatar are targeting doubling their trade to $28 billion in the next five years and are exploring the signing of a free trade agreement, the Indian foreign ministry said on Tuesday.

The announcement came after talks between Indian Prime Minister Narendra Modi and Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani, who is on a two-day visit to New Delhi.

The two sides also discussed ways to broaden energy ties, a foreign ministry official told reporters.

The emir arrived in India on Monday and was earlier welcomed by PM Modi at the airport in New Delhi, Foreign Ministry spokesperson Randhir Jaiswal said.

“The visit will further strengthen the bonds of India and Qatar,” he had said.

Officials said the Qatari leader is accompanied by a high-level delegation and it would be the second visit of the emir of Qatar to India.

Thani had earlier paid a state visit to India in March 2015.

The foreign ministry had said that the two countries have “deep-rooted historical ties of friendship, trust and mutual respect,” adding that the ties between the two countries have continued to strengthen.