India and UAE discuss bilateral relations


For the United Arab Emirates, India is the third largest trading partner for the year 2020 with an amount of approximately 27.93 billion dollars (non-oil trade)

For the United Arab Emirates, India is the third largest trading partner for the year 2020 with an amount of approximately 27.93 billion dollars (non-oil trade)

On September 2, 2022, External Affairs Minister S Jaishankar called UAE President Sheikh Mohamed bin Zayed Al Nahyan and appreciated his role in uplifting strategic ties between India and the UAE United.

Mr. Jaishankar, who is in Abu Dhabi for a three-day visit, also conveyed Prime Minister Narendra Modi’s personal greetings and warm wishes to Sheikh Mohamed, the ruler of Abu Dhabi.

“Thank you to His Highness Sheikh Mohamed bin Zayed al Nahyan for receiving me. I conveyed the personal greetings and warm wishes of Prime Minister @narendramodi. I greatly appreciate his guidance in taking our comprehensive strategic partnership to greater heights peaks,” he said in a tweet.

Earlier, Jaishankar co-chaired the 14th India-UAE Joint Commission (JCM) meeting with his UAE counterpart, Sheikh Abdulla bin Zayed Al Nahyan, in Abu Dhabi on Thursday.

Jaishankar arrived here on Wednesday for a three-day visit to the United Arab Emirates to review the comprehensive strategic partnership between the two countries.

There has been a regular exchange of high-level interaction between India and the UAE this year.

Prime Minister Modi visited Abu Dhabi on June 28 and met with the new President and Ruler of Abu Dhabi, Sheikh Mohamed bin Zayed Al Nahyan, and the two leaders reaffirmed their commitment to deepening and further diversifying the partnership bilateral global strategy.

Previously, the two leaders also held a virtual summit on February 18 where an India-UAE Comprehensive Economic Partnership Agreement (CEPA) was signed and a vision statement was adopted.

The two leaders also participated in the I2U2 Summit which was held virtually on July 14. US President Joe Biden and Israeli Prime Minister Yair Lapid also attended the summit. The new grouping is known as “I2U2” with “I” standing for India and Israel and “U” for the United States and the United Arab Emirates.

Bilateral trade in FY 2021-22 was around USD 72 billion. The United Arab Emirates is India’s third largest trading partner and second export destination. UAE’s FDI in India has steadily increased over the past few years and currently stands at over $12 billion.

The Indian expatriate community is the largest ethnic community in the UAE, accounting for approximately 35% of the country’s population.

The UAE is India’s third largest export destination (after the United States and China) with an amount of nearly $16 billion for the year 2020-21.

For the United Arab Emirates, India is the third largest trading partner for the year 2020 with an amount of approximately 27.93 billion dollars (non-oil trade).

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