HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Heir Prince of Dubai, Vice Prime Minister and Minister of Defense, today with Piyush Goyal, Minister of Commerce and Industry of India, in Mumbai.
The meeting, hero as part of the official visit of his highness to India, reflects the efforts of the two nations to strengthen their strategic economic association.
The discussions focused on advancing cooperation in a broad spectrum of sectors that are pillars of the economic relationship of India-UAE, which include trade, energy, investment, manufacturing, logistics, technology and medical care.
HH Sheikh Hamdan said: “India and the EAU share more than strong economic ties, we share a bold vision for the future. Our association is based on trust, innovation and a common commitment to shape the ability to resilient, preparation and enthusiasm forward, we also deepen our cooperation in a range of vital sectors.”
The conversations explored ways to build on the impulse generated by the Agreement of Integral Economic Association (CEPA) and the Bilateral Investment Treaty (BIT), two frameworks that have established the bases for a greater, safe and friendly with investment, and friendly with investment, and investments, and investments, and investments and investments.
Both parties welcomed the constant growth of bilateral trade and reaffirmed their common commitment to the resilience of the fosted supply chain.
Opportunities were also discussed to expand investment flows and improve commercial cooperation between the two economies. The two parties sought ways to improve industrial collaboration and improve commercial facilitation, even through improved logistics infrastructure and more linked digital commercial platforms, to support mutual growth, economic commitment and investment. In addition, the two leaders, a closer collaboration discussed in digital infrastructure, payment systems and intelligent logistics.
Its highest high praised the continuous economic increase of India and its notable achievements in digital innovation and inclusive growth. The two parties also discussed cooperation opportunities in artificial intelligence, with an focus on taking advantage of emerging technologies to boost economies ready for the future.
Sheikh Hamdan reaffirmed the EAU’s commitment to depend bilateral economic ties to serve as a key driver of sustainable and taxpayer development to broader global economic stability.
Non -oil trade between the EAU and India grew by 20.5% in 2024, reaching more than AED240 billion, compared to AED199.3 billion in 2023. This significant growth reflects economic ties and promises commercial and investment opportunities.
The Eau-India strain, signed in 2022, aims to bring non-oil trade to $ 100 billion by 2030.
The meeting was attended by HH Sheikh Ahmed Bin Saeed al Maktoum, president of the Civil Aviation of Dubai, president of the airports of Dubai and President and Executive Director of Emirates Airline and Group; Mohammad Bin Abdullah Al Gergawi, Minister or Cabinet Affairs; Repon Ebrahim al Hashimy, Minister of State for International Cooperation; Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs; Omar Bin Sultan al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications; and Dr. Abdulnasser Jamal al Shaali, ambassador of the EAU in India.
Follow Emirates 24 | 7 on Google News.
