On the one hand, there is talk of fighting cross-border terrorism by targeting Pakistan. On the other hand, giving a new dimension to bilateral trade relations. Overall, the Foreign Ministry claims that the summit between India and the UAE on Friday was a great success. After the meeting, Prime Minister Narendra Modi claimed that a new era had begun in the financial relations between the two countries.
Prime Minister Narendra Modi had a video meeting with Crown Prince Sheikh Mohammed bin Zayed Al Nahan of the United Arab Emirates on Friday. Just before that, the two countries signed the Comprehensive Economic Partnership Agreement (CEPA). The South Block claims that this has not only boosted bilateral economic ties and trade ties, but also the transition of New Delhi’s strategic relationship with Abu Dhabi.
The Union Commerce Minister tweeted today that “the two countries have entered a golden age of economic cooperation.” Talks on the deal began in September last year. The UAE is currently India’s third-largest trading partner.
After today’s agreement, Abu Dhabi’s investment in India in areas such as energy, tourism, and healthcare is expected to increase manifold. In the words of PM Modi, “We were able to sign an important agreement like the CEPA after only four months of negotiations. It takes years to reach such an agreement. ”
Cooperation at sea will increase for peace and solidarity. In addition, cooperation between the two countries will be enhanced in the fight against regional and international extremism and cross-border terrorism.
