India and the UAE: New Agreement in Trade and Technology

Strategic Cooperation between India and the UAE

Indian Prime Minister Narendra Modi and United Arab Emirates (UAE) President have reached an important agreement to strengthen their cooperation in various fields such as space, artificial intelligence, defense, and energy.

Official Visit and Meetings

UAE President bin Zayed paid an official visit to India at the invitation of Prime Minister Modi. The two leaders discussed various options to enhance the comprehensive bilateral cooperation between their countries.

Economic Cooperation and Goals

The statement expressed satisfaction with the increasing trade and economic cooperation following the signing of the Comprehensive Economic Partnership Agreement (CEPA) in 2022. The two countries agreed on a target of increasing bilateral trade to $200 billion by 2032.

Cooperation in Food Security, Energy, and Technology

The commitment to enhance cooperation in food security was also announced. Additionally, agreements were made to deepen the partnership in the field of space and strengthen cooperation on artificial intelligence and emerging technologies.

Future Vision in Finance, Culture, and Defense

Furthermore, steps were taken to evaluate increasing cooperation in finance, culture, education, and defense. Meetings that addressed regional and global issues also created an important ground for the strategic goals of both countries.