August 14, 2022

Dubai Week

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The United Arab Emirates and India ... a comprehensive economic partnership

The United Arab Emirates and India … a comprehensive economic partnership

Sheikh Mohammed bin Saeed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Commander of the United Arab Emirates Armed Forces, and Prime Minister of the Friendly Republic of Narendra Modi Narendra Modi hosted the summit via telecommunications technology. Features of strategic cooperation between the two countries, new frontiers for its development and paths of cooperation.

During the summit, Sheikh Mohammed bin Saeed Al Nahyan and Narendra Modi witnessed the signing of a comprehensive economic partnership agreement between the United Arab Emirates and India. Improves historical ties between them and mutual access to markets and opportunities Economy and investment. The agreement paves the way for broader opportunities for strategic cooperation, raising non-oil regional domestic trade to more than $ 100 billion in five years.

Sheikh Mohammed bin Saeed Al Nahyan said: May God protect him under the leadership of Sheikh Khalifa bin Saeed Al Nahyan, President of the United Arab Emirates. Trade flow between international markets. “

The historic agreement between the United Arab Emirates and India is part of a series of global economic agreements concluded under the umbrella of the “50 Plans” announced last September, which is a qualitative addition to its progress and prosperity. The foundation for starting in the next fifty years.

He said: “During the summit, we laid the foundation for a new beginning in the path of Emirati-India relations and invested all available opportunities to achieve growth.”

For his part, the Prime Minister of India expressed his pleasure at the signing of the Comprehensive Economic Partnership Agreement between the two countries, noting that such an important agreement was concluded in a record time of not more than three months. It will take many years to sign. He explained that the agreement covers the depth of friendship, common vision and mutual trust between the two countries.

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He hoped that a new era awaited the two countries in the field of economic cooperation and that the volume of trade between the two countries would rise from $ 60 billion to $ 100 billion in the next five years.

The Prime Minister of India praised the steps taken by the United Arab Emirates towards the future and its plans for the next fifty years.

“We must unite to help our friends in Africa and elsewhere; At the heart of the values ​​suggested by Sheikh Saeed bin Sultan Al Nahyan and Mahatma Gandhi, the founders of the United Arab Emirates, is thinking about others and doing more for them, so we need to think of ways to strengthen our cultural ties. Timeless wisdom reaches all human beings. “

The video call was followed by a “public commemorative stamp” issued by the Ministry of Communications in India and the Emirates Post Group.

The call also includes the signing of two Memoranda of Understanding, including a Memorandum of Understanding between the International Financial Services Centers Commission in India and the Financial Services Regulatory Authority of Abu Dhabi Global Market and the Memorandum of Understanding between DP World. , Al Tahra Holding and Development Authority for Export of Agricultural and Food Products Produced in the Republic of India.