MUMBAI, India / RankWire.AI / – In Mumbai, on October 19, UAE Deputy Prime Minister and Minister of Foreign Affairs His Highness Sheikh Abdullah bin Zayed Al Nahyan engaged in discussions with Indian External Affairs Minister Dr. Subrahmanyam Jaishankar. This meeting was part of a working visit to India that commenced on that date. The two ministers examined the enduring ties between their nations and explored ways to strengthen the Comprehensive Strategic Partnership as well as the Comprehensive Economic Partnership Agreement.
Topics of conversation included potential collaborations in the fields of economy, trade, investment, finance, culture, and energy. They also addressed other sectors that promote sustainable development and prosperity for their populations. Sheikh Abdullah characterized the historic relationship between the UAE and India as a leading example of international cooperation, emphasizing that it is founded on mutual trust, shared vision, and common interests.
He highlighted the UAE’s commitment to deepening its engagement with India, underscoring the importance of building on the achievements of the two countries’ strategic and economic partnerships. Sheikh Abdullah pointed out that this alliance is rooted in a long history of close relations and constructive collaboration. He also noted that the partnership is gaining momentum, presenting numerous opportunities across sectors that enhance sustainable growth and economic competitiveness.
Jaishankar reports bilateral trade surpasses $100 billion
According to Jaishankar, trade between India and the UAE has exceeded $100 billion since the signing of their Comprehensive Economic Partnership Agreement in 2022. This agreement marked the UAE’s first of its kind. He added that two-way investments are increasing and the collaboration continues to set new standards. He emphasized that cooperation in defence, energy, and technology is becoming more strategic. The relationship is also supported by a local currency settlement system and a bilateral investment treaty.
The strong community ties remain a vital aspect of the partnership, with approximately four million Indian nationals residing in the UAE, making them the largest expatriate group in the country. Jaishankar expressed gratitude to the UAE leadership for safeguarding the Indian community and highlighted expanding cultural and people-to-people exchanges. Sheikh Abdullah stated that this partnership enhances the roles of both nations as active contributors to global economic growth.
Discussions include regional peace and security issues
Regional and international issues were also part of the dialogue, particularly efforts to maintain peace and stability. Jaishankar conveyed that the situation in West Asia is a matter of deep concern for India. He reaffirmed India’s support for all endeavors aimed at promoting peace through dialogue and diplomacy. Additionally, India backs the unhindered, safe, and free movement of trade, energy, and fertilisers through the region, he added.
Upon arriving in Mumbai, Sheikh Abdullah was received by Mangal Prabhat Lodha, Maharashtra’s Minister of Skills, Employment, Entrepreneurship and Innovation, along with other officials. The discussions follow previous security and energy talks between the two foreign ministers. On September 18, UAE President Sheikh Mohamed bin Zayed and Indian Prime Minister Narendra Modi also held a phone call to discuss strengthening bilateral relations. The visit continues the ongoing pattern of high-level exchanges between the two nations.