Strengthening Bonds: India-UAE Comprehensive Partnership Reaches New Heights
In a significant diplomatic development, the President of the United Arab Emirates, His Highness Sheikh Mohamed bin Zayed Al Nahyan, and the Prime Minister of India, Shri Narendra Modi, assembled in Abu Dhabi on February 13, 2024, showcased the deepening ties between India and the United Arab Emirates (UAE). The discussions highlighted the significant progress made across various sectors since the establishment of the Comprehensive Strategic Partnership. Economic cooperation has flourished, with bilateral trade reaching new heights following the implementation of the Comprehensive Economic Partnership Agreement (CEPA) in 2022.
Key highlights of the meeting include:
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The signing of agreements on bilateral investment, digital infrastructure projects, electricity interconnection, and trade facilitation.
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Establishment of Bharat Mart at Jebel Ali and the launch of UAE's domestic card scheme, JAYWAN, to enhance trade facilitation.
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Advancement in energy cooperation through long-term LNG supply agreements and exploration of opportunities in hydrogen, solar energy, and grid connectivity.
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Initiatives in cultural and educational cooperation include establishing the first Master's program in Energy Transition and Sustainability by IIT Delhi in Abu Dhabi.
These developments underscore the commitment of both nations to promoting mutual understanding, economic prosperity, and innovation through collaborative efforts. Emphasis on multilateralism, as demonstrated by the support for the upcoming WTO Ministerial Conference, reaffirms their dedication to upholding the rules-based trade order and global economic stability.
In conclusion, the meeting between President Sheikh Mohamed bin Zayed Al Nahyan and Prime Minister Narendra Modi signifies a significant milestone in the India-UAE Comprehensive Strategic Partnership. With a focus on economic diversification, innovation, and cultural exchange, the two nations are assured to chart a path of shared prosperity and mutual benefit in the coming years
