Post by : Meena Ariff

India and the United Arab Emirates (UAE) have taken a major step to boost their partnership by signing several important agreements. Both nations have set a goal to double their bilateral trade to $200 billion by 2032.

UAE President Sheikh Mohamed bin Zayed Al Nahyan met Indian Prime Minister Narendra Modi in New Delhi. They discussed ways to enhance cooperation in trade, energy, defense, and emerging technologies. The talks reflected the strong strategic relationship the two countries have built over the last decade.

Bilateral trade between India and the UAE has grown quickly in recent years. Trade increased after both nations signed a Comprehensive Economic Partnership Agreement in February 2022, which reduced tariffs and expanded market access for goods and services. Since then, trade has already crossed $100 billion.

Under the new agreements, India will import 0.5 million metric tons of liquefied natural gas from the UAE every year for ten years starting in 2028. Both countries also signed a letter of intent to finalize a strategic defense partnership in the near future.

Other agreements include cooperation in space and food sectors. The UAE also pledged to invest in a special development region in Gujarat, India, which will feature modern infrastructure such as airports, ports, and smart urban townships.

Experts say the visit is significant amid ongoing tensions in West Asia, especially involving Iran, Yemen, and Gaza. The deepening India-UAE partnership shows their commitment to remain close partners during uncertain times in the region.

“The India-UAE relationship is strong and growing. In the context of West Asia’s challenges, it is a moment for both nations to work together for stability,” said Harsh Pant, Vice President of Foreign Policy at a think tank in New Delhi.

India maintains strong economic and community links across West Asia and continues to engage closely with key countries, including the UAE, to navigate a complex regional and global political landscape.

#Global News #India News #UAE News #World News #Trade