Indian Prime Minister Narendra Modi arrived in Abu Dhabi on Saturday on an official visit, reported the United Arab Emirates’ state news agency WAM.
He was received in Abu Dhabi by its Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan.
The officials discussed the historic ties between their countries and people, and praised the level of joint strategic cooperation between them across multiple vital sectors.
The recent years have seen accelerated growth in the bilateral relations between the UAE and India, two countries that share decades-long deep-rooted ties, strengthened through cultural exchange, trade and political engagement.
Driven further by their rapidly growing economic and trade relations, the UAE and India have developed a distinguished model through their multi-faceted partnership, which is made possible thanks to the foresight of the two leaderships and their ongoing support to expanding their bilateral cooperation, said WAM.
In September 2021, the UAE launched the Comprehensive Economic Partnership Agreements (CEPA) program, which encompasses its CEPA with India, highlighting the rapid advancement in their relations.
The UAE-India partnership is a driver for economic growth that creates trade and investment opportunities for over 3.8 billion people. The economic partnership contributes to the vitality of trade and investment flows in South Asia and through it towards regional and global markets.
In 2022 and 2023, the bilateral ties between the two countries witnessed key milestones that strengthened their mutual partnership.
The UAE-India CEPA, which came into effect on May 1, 2022. They included a reduction or waiving of tariffs on over 80 percent of UAE goods exported to India, enabling Emirati businesses to trade more freely and fairly across the Indian border. Meanwhile, service providers now have enhanced market access across 11 vital sectors and over 100 sub-sectors.
The meeting of the 14th of the UAE-India Joint Committee was held on September 14, 2022. In February, the UAE, France and India announced a new trilateral cooperation initiative, and the roadmap to begin its implementation. They stressed that the trilateral initiative would help promote the design and execution of cooperation projects in various fields, including energy and combatting climate change.
