Prime Minister Narendra Modi has written a letter to the President of the UAE, Sheikh Mohamed bin Zayed Al Nahyan, to additional strengthen the strategic ties between the 2 international locations and the chances to develop them to serve their frequent pursuits, official media reported right here.
Prime Minister Modi’s letter was delivered by External Affairs Minister S Jaishankar to UAE President Mohamed when he met him throughout his go to to the Gulf nation right here on Friday.
Jaishankar was within the UAE this week to attend conferences of the 14th session of the UAE-India Joint Committee and the third session of the UAE-India Strategic Dialogue.
The UAE’s official information company, WAM, reported that the letter offers with the chances of strengthening the strategic ties between the 2 international locations and growing them to serve their frequent pursuits.
“During the meeting, the two sides discussed various aspects of their bilateral relations and the importance of cooperation to enhance and advance them within the framework of their Comprehensive Strategic Partnership and the UAE-India Comprehensive Economic Partnership Agreement (CEPA), besides Many regional and international issues of mutual concern,” it mentioned.
“Thank you His Highness Sheikh Mohamed bin Zayed Al Nahyan for receiving me. PM @narendramodi’s personal congratulations and warm wishes. We greatly value his guidance in taking our comprehensive strategic partnership to greater heights,” Jaishankar mentioned. mentioned in a tweet on Friday.
Bilateral commerce stood at round US$ 72 billion within the fiscal yr 2021-22. UAE is India’s third largest buying and selling associate and second largest export vacation spot. UAE FDI in India has grown steadily over time and at present stands at over US$12 billion.
The Indian expatriate group is the biggest ethnic group within the United Arab Emirates, accounting for about 35 % of the nation’s inhabitants.
The United Arab Emirates (after the US and China) is India’s third largest export vacation spot with an quantity of round USD 16 billion for the yr 2020-21.
For UAE, India is the third largest buying and selling associate with an quantity of round USD 27.93 billion (non-oil commerce) for the yr 2020.
With inputs from TheIndianEXPRESS
