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The two countries also pointed out the importance of completing the negotiation process of amending the long-existing bilateral investment treaty between the UAE and India as soon as possible.
Sheikh Hamed bin Zayed Al Nahyan, Member of the Executive Committee of the Emirate of Abu Dhabi and Sheikh Hamed bin Zayed Al Nahyan, Member of the Executive Committee of the Emirate of Abu Dhabi and Pius Goyal, Minister of Industry and Commerce.
The two co-chaired the ninth meeting of the UAE-India high-level joint investment working group here.
“At the meeting, it was also discussed to explore mutually beneficial methods and incentives to promote further investment by UAE sovereign investment entities in key priority areas in India… The two sides agreed to continue to focus on the ways to provide tax incentives to certain UAEs Sovereign investment entity,” an official statement said.
In view of the importance of air transport in promoting bilateral relations and human-to-people links, India and the UAE agreed that their respective civil aviation authorities should continue to cooperate with each other as a priority for mutual benefit and ensure the rapid normalization of the two countries. Air transportation business.
The statement also stated that it reviewed the progress of the ongoing discussions on the India-UAE Comprehensive Economic Partnership Agreement.
Discussed the participation of the UAE special service desk in Invest India to expedite the resolution of the remaining problems and current difficulties encountered by UAE companies and banks in India.
“The two sides agreed to continue coordination and cooperation at the highest official level to resolve these issues as soon as possible,” it said.
When talking about the ninth meeting of the joint working group, Nahyan said that this is an important platform for dialogue between the two countries, bringing new opportunities for trade and investment, and eliminating bottlenecks for further cooperation.
“Looking forward, India and the UAE have common ambitious goals in expanding trade and investment activities between the two countries, and the joint working group will continue to play an important role in achieving these goals,” he said.
Goyal stated that given the strong growth prospects Indian economy“We look forward to the UAE increasing its investment in various fields in India.”
The Joint Task Force was established in 2013 and is an important forum for promoting economic relations between the UAE and India.
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