India and UAE relationship

Context: Prime Minister Narendra Modi’s upcoming visit to the UAE signifies the growing and important relationship between India and the UAE. This visit is a significant step forward in the partnership between the two nations.

Key points:

• The Prime Minister, Narendra Modi will be visiting UAE on February 13-14, 2024 to inaugurate a temple and address the World Government Summit.
• The relationship between India and the UAE has become stronger and is deemed a significant bilateral relationship.
• A deep friendship between President of UAE and PM Modi exists with a land case of a temple being donated by the President in Abu Dhabi.
• Trade between the two countries bilaterally was $85 billion in 2022-23 and the UAE is India’s third most important trade partner and the second most important export destination.
• The goal of the India-UAE Comprehensive Economic Partnership Agreement is to make the trade in services reach $ 115 billion in five years.
• The UAE allows the RuPay card and the Indian rupee for settlements in Dubai’s airports.
• In addition, there is a cooperation on strategic oil reserves, defence and safety matters.
• India has been an exception for the UAE as well, including inviting the Indian External Affairs Minister to an important meeting.
• Both share the recognition of each other’s place and they are members of influential blocs.
• The visit begins as the conflict in Gaza is ongoing thus leaders are given an opportunity to address pertinent issues.

Bilateral relations between India-UAE:

• India and the UAE are really good friends. They visit each other a lot and get along well.
• They also do a lot of business together.
• The UAE is one of India’s biggest trading partners and they invest a lot of money in each other’s countries.
• They also work together on new technology, like making it easy to use Indian cards in the UAE and having a special way to exchange money.
• They help each other in important ways too, like making sure India has enough oil and working together on defence and keeping things safe.
• They also love learning about each other’s culture and have lots of events and awards to celebrate it.

Conclusion: 

• India and the UAE are good friends who work together on important projects and agree on many things.
• They have some small differences, but they are getting closer and want to work together even more in the future.
• This visit shows that they can work together in different areas and their friendship will keep getting stronger.

Source: The Hindu

Practice question:

Q. The term ‘Regional Comprehensive Economic Partnership’ often appears in the news in the context of the affairs of a group of countries known as (2016).

1. G20
2. ASEAN
3. SCO
4. SAARC

Ans: b

Q. Examine the economic and strategic importance of the UAE to India and propose actions to enhance the bilateral relations between the two countries.

 

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