UAE-Indian trade relationship is heating up, says UAE Foreign Minister
Shaikh Abdullah bin Zayed Al Nahyan, UAE Foreign Minister, currently visiting India, has discussed with the Indian Minister of External Affairs, Salman Khurshid, ways of enhancing bilateral relations to serve mutual interests.
During the meeting, Shaikh Abdullah affirmed the UAE’s keenness on boosting prospects of joint cooperation, stressing the importance of expanding avenues of joint investment, particularly in areas of economy, trade, and renewable energy.
The UAE Foreign Minister hailed the historic bonds between the friendly countries and praised the contributions of the Indian community in the UAE’s ongoing development and building processes. For his part, the Indian Minister of External Affairs welcomed his UAE counterpart to India, lauding the existing UAE-India friendship as a role model for strategic partnerships which advance constructive collaboration in all fields for the best interest of the two friendly countries and people.
At the end of the meeting, UAE Minister of State for Financial Affairs, Obaid bin Humaid Al Tayer, and Indian Finance Minister, P Chidambaram, signed a Bilateral Investment Protection Agreement (BIPA). Meanwhile, the UAE Foreign Minister also met with Shivshankar Menon, National Security Advisor to the Indian Prime Minister, and reviewed with him aspects of joint cooperation as well as a variety of issues of common interest.
- Fully booked for post-sanctions business: Iran's five star hotels are buzzing with Western business delegations
- The source of all brain drain: Lebanon's university graduates downbeat about their future prospects
- Is Erdogan's party waging a 'holy war' against the free market economy?
- Costs and benefits: the tough economics of hosting the World Cup
- Mind the gap: descripancy between income and social development persists in the Middle East