UAE, India Financial Centers Agree Partnership
by Lorys Charalambous, Lowtax.net, Cyprus
27 February, 2017
The Dubai International Financial Centre and the Abu Dhabi Global Market, low-tax free trade zones located in the UAE, have signed cooperation agreements with Gujarat International Finance Tec-City, India's first international financial services center.
The agreements provide for closer collaboration between the UAE free trade zones and GIFT on efforts and initiatives that would foster the development of each financial market.
Areas of cooperation include exchange of information on banking and financial services legislation and regulation; cooperation in the areas of training and marketing; and exchange of information on trends in international financial services activities and products, in particular within the FinTech field.
Gujarat International Finance Tec-City is a financial and IT services hub being established in Gujarat, a prosperous state in the west of India.
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