PM Modi writes to UAE Prez Sheikh Mohamed to additional cement bilateral strategic ties

Prime Minister Narendra Modi has written a letter to UAE President Sheikh Mohamed Bin Zayed Al Nahyan to additional strengthen the strategic relations between the 2 international locations and the prospects of creating them to serve their widespread pursuits, the official media right here reported.

Prime Minister Modi’s letter was delivered by the Exterior Affairs Minister S Jaishankar to the UAE President Mohamed when he referred to as on him right here on Friday throughout his just-concluded go to to the Gulf nation.

Jaishankar was within the UAE this week to attend the conferences of the 14th session of the UAE-India Joint Committee and the third session of the UAE-India Strategic Dialogue.

The letter pertains to strengthening of strategic relations between the 2 international locations and the prospects of creating them to serve their widespread pursuits, UAE’s official information company WAM reported.

“During the meeting, the two sides discussed various aspects of their bilateral relations and the importance of cooperating to enhance and advance them within the framework of their comprehensive strategic partnership and the UAE-India Comprehensive Economic Partnership Agreement (CEPA), in addition to several regional and international issues of mutual concern,” it mentioned.

“Thank HH Sheikh Mohamed bin Zayed al Nahyan for receiving me. Conveyed the personal greetings and warm wishes of PM @narendramodi. Highly value his guidance in taking our Comprehensive¬†
Strategic Partnership to greater heights,” Jaishankar mentioned in a tweet on Friday.

Bilateral commerce in FY 2021-22 was about USD 72 billion. UAE is India’s third largest commerce associate and second largest export vacation spot. UAE FDI in India has repeatedly elevated over the previous few years and presently stands at over USD 12 billion.

The Indian expatriate neighborhood is the biggest ethnic neighborhood within the UAE constituting roughly about 35 per cent of the nation’s inhabitants.

The UAE is the third-largest export vacation spot of India (after the US and China) with an quantity of almost USD 16 billion for the 12 months 2020-21.

For the UAE, India is the third-largest buying and selling associate for the 12 months 2020 with an quantity of round USD 27.93 billion (non-oil commerce).

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