Prime Minister Narendra Modi Meets with President of UAE to Discuss Trade, Investment, and Security

Image source: gulfbusiness.com

Introduction:

Prime Minister Narendra Modi met with the President of the United Arab Emirates (UAE), Sheikh Mohamed bin Zayed Al Nahyan, on June 28, 2023, in Abu Dhabi. The two leaders discussed ways to deepen bilateral ties in the areas of trade, investment, and security.

Details:

The meeting between Modi and Sheikh Mohamed bin Zayed Al Nahyan was the first since the latter became President of the UAE in May 2023. The two leaders reviewed the progress made in the implementation of the Comprehensive Strategic Partnership Agreement between India and the UAE, which was signed in February 2022. They also discussed ways to enhance cooperation in the areas of trade, investment, energy, and security.

In the area of trade:

The two leaders agreed to work towards increasing bilateral trade to $100 billion by 2030. They also discussed ways to promote investment in each other's countries.

In the area of energy:

The two leaders agreed to cooperate in the development of renewable energy projects. They also discussed ways to ensure energy security for both countries.

In the area of security:

The two leaders agreed to work together to combat terrorism and extremism. They also discussed ways to strengthen cooperation in the maritime domain.

Conclusion:

The meeting between Modi and Sheikh Mohamed bin Zayed Al Nahyan was a significant step in deepening bilateral ties between India and the UAE. The two leaders discussed a wide range of issues and agreed to work together to promote cooperation in a number of areas.