A New Phase in the Comprehensive Strategic Partnership
India and the United Arab Emirates (UAE) are set to deepen their Comprehensive Strategic Partnership as Abu Dhabi’s Crown Prince, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, visits India from September 9-10. This official visit comes at the invitation of Prime Minister Narendra Modi and marks a significant moment in bilateral ties. This is the Crown Prince’s first visit to India in his current role.
Accompanied by top ministers and a business delegation, the Crown Prince’s visit underscores the growing importance of India-UAE relations.
Crown Prince’s Engagements: Key Meetings and Discussions
On September 9, the Crown Prince will begin his visit by paying tribute to Mahatma Gandhi at Rajghat, followed by crucial discussions with PM Modi. Their talks are expected to focus on a range of bilateral issues, along with a possible discussion on the Israel-Hamas conflict. A joint press conference is anticipated, where agreements and Memorandums of Understanding (MoUs) are likely to be exchanged.
The Crown Prince will also meet with President Droupadi Murmu at Rashtrapati Bhavan and, on September 10, participate in a Business Forum in Mumbai alongside top leaders from both countries.
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India-UAE Partnership: Expanding Economic and Strategic Horizons
Since Prime Minister Modi’s landmark visit to the UAE in 2015, relations between the two nations have grown significantly. In 2022, the Comprehensive Economic Partnership Agreement (CEPA) was signed, followed by the introduction of the Local Currency Settlement System (LCS) in July 2023. This has allowed for smoother trade using the Indian Rupee and UAE Dirham.
India is the UAE’s second-largest trading partner, and the UAE is India’s largest partner in the Arab world. Trade between the two nations is projected to reach $100 billion by the end of the decade, with $85 billion in bilateral trade recorded in 2022-23. Additionally, the UAE stands among the top four investors in India in terms of Foreign Direct Investment (FDI) for 2022-23.
Cultural and Strategic Collaborations
Beyond economic ties, the UAE and India share a deep cultural connection, with over 3.5 million Indians living in the UAE, contributing significantly to the nation’s economy and culture.
The UAE was a special invitee at the G20 Summit in New Delhi, and with India’s support, joined the Shanghai Cooperation Organisation (SCO) as a dialogue partner and the BRICS forum in 2023. Furthermore, the India-UAE-France trilateral cooperation has also gained traction in recent years.
The UAE is a key supplier of crude oil to India, providing around 8% of India’s total imports, and serves as India’s leading export destination in West Asia.
A New Chapter in India-UAE Relations
The Crown Prince’s visit not only reaffirms the UAE’s commitment to strengthening ties with India but also marks a generational shift in leadership. Sheikh Khaled’s interactions with PM Modi signal a new phase of collaboration and opportunity. The UAE’s strategic role in the Organisation of Islamic Cooperation (OIC) also highlights its importance in addressing regional challenges and maintaining balanced relations with Pakistan.
Looking Forward: A Generational Shift
In February 2023, PM Modi’s visit to the UAE furthered discussions on economic ties and regional connectivity, including the ambitious India-Middle East-Europe Economic Corridor (IMEEC). The bond between the nations continues to grow, as exemplified by the inauguration of the first Hindu temple in Abu Dhabi, a symbol of cultural cooperation.
As the Crown Prince’s visit unfolds, the foundation for future collaboration across political, economic, and cultural sectors is set, paving the way for stronger ties between India and the UAE.
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