Indian Prime Minister Narendra Modi will arrive in the United Arab Emirates (UAE) on July 15 and will meet UAE President Sheikh Mohamed bin Zayed Al Nahyan. The Ministry of External Affairs on Wednesday said that the PM will be accorded a ceremonial reception, following which a series of bilateral talks and other events will be held in honour of the Prime Minister’s visit.
“After concluding his visit to France, the Prime Minister will leave for the United Arab Emirates and arrive there on 15 July where he will meet His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates and Ruler of Abu Dhabi. Addressing a press conference on Wednesday, Foreign Secretary Vinay Kwatra said, “A ceremonial welcome, bilateral talks and other events were organized in honour of the Prime Minister’s visit to the UAE.”
Kwatra said that Prime Minister Narendra Modi and UAE President Sheikh Mohammed bin Zayed Nayan last met in Abu Dhabi in June when the PM visited the UAE on his way back from the G7 summit in Munich.
“Since then they have also met on several virtual platforms, including the I2U2 (India, Israel, United Arab Emirates and the United States) summit in July last year,” the foreign secretary said.
Kwatra further informed that a Comprehensive Economic Partnership Agreement was signed between India and the UAE during the virtual summit in February 2022. A Joint Vision Statement was also issued at that time. “We have seen a significant jump, a qualitative increase in the essence of our partnership in all areas since the signing of the CEPA (Comprehensive Economic Partnership Agreement). And the partnership continues to grow from strength to strength. This is particularly so,” said Kwatra reflected in stronger economic exchanges, not only on the trade side but also on the investment side, people-to-people ties and convergence on some regional and international issues.
Foreign Secretary Vinay Kwatra said, “The UAE is also a special invitee during India’s G20 Presidency Summit to be held in September this year. India and the UAE are also cooperating very closely on COP28, which will be held later this year.” Will be held in UAE.” “The Prime Minister’s visit to the UAE provides us with a useful opportunity to review this important partnership and build on further momentum in all areas of our cooperation,” he added.
Speaking further on the economic ties between India and the UAE, Kwatra pointed out that the bilateral trade between India and the UAE stands at $85 billion. Which made UAE India’s third-largest trading partner last year. India’s second-largest export destination is UAE.” Bilateral trade between India and UAE currently stands at a very robust $85 billion, making UAE India’s third-largest trading partner last year and India’s second-largest export destination the United Arab Emirates. Also, there is a huge amount of FTI (foreign trade investment) inflow,” Kwatra told the press briefing. Fourth largest investor.” Kwatra further pointed out that the UAE and India are also very strong partners in the area of energy security. Several new areas of partnership and engagement have also registered strong progress, including renewable energy, health, food security, SNT, education, fintech and defence and security. “The UAE has a very strong Indian expatriate population, around 3.5 billion,” he added.
Kwatra credited the historical people-to-people ties between India and the UAE for continuing to be a key pillar of the strategic partnership between India and the UAE. Kwatra said that over the past few years, there has been a significant transformation in India-UAE relations and the central driver of this has been the vision of the two leaders, the President of the UAE and the Prime Minister of India. “Of course, they also have an excellent personal relationship, which is reflected in their frequent engagements,” Kwatra said.
The Prime Minister will leave for UAE after concluding his visit to France.
Prime Minister Narendra Modi is scheduled to visit France later this week to attend this year’s Bastille Day parade as the guest of honour at the invitation of President Emmanuel Macron. The Bastille Day parade will see a 269-member tri-services contingent of the Indian Armed Forces marching alongside their French counterparts. Fête Nationale Française is celebrated on 14 July or the National Day in France. It is also known as Bastille Day because the day is the anniversary of the storming of the Bastille in 1789 during the French Revolution. Indian military contingent will also be part of the marching contingent along with their French counterparts on Bastille Day to mark this important milestone. Notably, PM Modi’s visit will be on 25th