India-UAE ties are deeply rooted in shared cultural heritage and maritime trade

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renew: May 12, 2023 at 15:38 yes

dubai [UAE]May 12 (ANI): Relations between India and the US united arab emirates (UAE) have long been firmly rooted in shared cultural heritage and maritime trade. These connections have fundamentally changed the geopolitics of the region and are a testament to the resilience of international cooperation and diplomacy.
Over the past 50 years, India has also learned that its relationship with the UAE is not just about trade and commerce. There are many other factors that naturally link the two countries, such as their mutual respect for the principle of national sovereignty, social security for the Indian diaspora in the Arabian Gulf region, and their relationship.
The alliance recently showcased its vision of a strategic pivot, Indian diplomacy in the Arabian Gulf region, as interests converge in regional security, energy cooperation and digital economy, reflecting shared goals and visions of both countries
State and Islam.
India, which currently chairs the G20, is formally upholding tradition by inviting non-member states and international groups to the G20 summit. Egypt, Mauritius, Nigeria, Netherlands, Spain, Singapore, Oman, united arab emirates (UAE) and Bangladesh are among the countries invited this year.
The UAE is currently India’s second largest export market and third largest trading partner. In the next few years, the trade volume between the two countries is expected to increase from US$60 billion in 2019-2020 to US$100 billion.
In December, External Affairs Minister S Jaishankar said that there are more Indian citizens residing in the UAE than any other overseas country.
In February 2022, India and the UAE had previously agreed to a comprehensive economic partnership agreement (CEPA). The two countries have known each other for a long time and actively communicated with each other, but since 2016, the quality of the relationship between the two countries has improved significantly and reached unprecedented heights. CEPA. In 2015, Narendra Modi visited united arab emirates, the first Indian prime minister in more than 40 years. Relations between India and the UAE have grown stronger since the visit.
Author Maheep mentioned in his article that India and united arab emirates (UAE) engaged in discussions on a range of topics of strategic and cultural importance.

These include a deal to establish a $75 billion infrastructure development fund, discussions to fill India’s strategic oil reserve in Mangalore with UAE aid, and adding Hindi as India’s third official language. Abu Dhabi Department of Justice (ADJD), construction of first Hindu temple in India Abu Dhabireverse migration trends, flash floods in Kerala, cooperation after the Pulwama tragedy, and Palestinians fleeing Israel.
Number of preferential certificates of origin issued with India-UAE CEPA From 415 in May 2022 to 8440 in March 2023, usage of the protocol has continued to grow. While India has achieved fast-track tariff removal on more than 80% of its tariff lines, which equates to 90% of the value of Indian exports, the UAE has eliminated taxes on 97.4% of its tariff lines, which equates to 99% of its imports from India. Author Maheep writes that both countries have made more significant and deeper commitments in services across all industries and supply channels.
Dr Thani Al Zeyoudi, UAE Minister of Climate Change and Environment stated, CEPA It represents a turning point in bilateral relations and is a model of international cooperation in the post-COVID-19 era. Lulu Group, Indian People’s Forum (IPF), The Abu Dhabi National Oil Corporation (ADNOC), Annual Investment Conference, Texmas and The Abu Dhabi The national oil company (ADNOC) is just a few of the high-profile groups supporting the campaign, the authors added.
Along with Israel and the US, India and the UAE are members of the group I2U2 A small multilateral group aimed at strengthening collaborative investments in multiple areas including water, food security, transport, energy, health and space, in addition CEPA.
The latest high-level meeting of the India, Israel, United States and UAE Group on 21-22 February 2023 (I2U2) held at Abu Dhabi Addressing investment prospects and “urgent issues including food insecurity and energy crises”.
In a joint statement issued in July 2022, the prime ministers of the four countries stated that they intend to enlist the help of the private sector to modernize infrastructure, advance industrial low-carbon development paths, promote physical links between countries in the Middle East, and improve public health and access to vaccines, and facilitate the development of key emerging and green technologies, while ensuring near- and long-term financial viability.
Although still at an early stage, the two countries have held discussions on potential defense cooperation.
In addition, the UAE has pledged to invest $2 billion to build integrated food parks across India. The UAE is home to the International Renewable Energy Agency (IRENA) and will host COP28 in 2023. The latter will install modern climate-smart technologies that will allow it to use renewable energy, reduce food waste and spoilage, and conserve fresh water. India is expected to provide suitable land for the project and organize the integration of farmers into food parks.
Dr Maheep is an Indian foreign affairs expert specializing in the Arabian Gulf
State and Islam. He has a keen interest in the political economy of India. (Arnie)