The UAE-India Comprehensive Strategic Partnership is changing the game. It’s making the world a more stable and growing place. This partnership is special in international relations.
Trade between the UAE and India has grown a lot. It went from US$59.5 billion in 2013-2014 to US$83.6 billion in 2023-24. This shows a strong economic bond between the two countries.
This partnership is changing how we work together in many areas. Can you guess which?
UAE-India Comprehensive Strategic Partnership
The UAE and India have been friends since 1972. Their bond has grown into a strong partnership in many areas. Prime Minister Narendra Modi’s visit in 2015 was a big step forward.
Evolution of Bilateral Relations Post-2020
Since 2020, the UAE and India have worked together more than ever. They signed the Comprehensive Economic Partnership Agreement (CEPA). This aims to make non-oil trade worth $100 billion by 2030.
They also started a new IIT Delhi campus in Abu Dhabi. And they linked digital payment systems like UPI and AANI.
Abu Dhabi Investment Authority’s Role
The Abu Dhabi Investment Authority (ADIA) helps the UAE and India grow together. ADIA invests in areas like aviation, telecom, and tech. This helps both economies grow.
Defense and Security Cooperation
The UAE and India have stronger defense ties. They do joint military exercises and work on defense projects. They also team up in groups like I2U2 and the India-Middle East-Europe Economic Corridor (IMEC).
| Aspect | Details |
|---|---|
| Diplomatic Missions | Established in 1972 |
| CEPA Trade Target | $100 billion by 2030 |
| Cultural Cooperation | BAPS Hindu Temple in Abu Dhabi |
| Educational Collaboration | IIT Delhi campus in Abu Dhabi |
The UAE and India’s diplomatic missions are key to their partnership. They have many talks on big issues like climate change and fighting terrorism. This makes their partnership even stronger.
Groundbreaking Nuclear and Energy Collaborations
India and the UAE are working together on energy. They are focusing on nuclear power, oil, renewable energy, and natural gas. This shows how strong their technology and investment partnerships are.
Civil Nuclear Energy Agreement
In September 2024, a big deal was made. India’s Nuclear Power Corporation and the Emirates Nuclear Energy Company signed a Memorandum of Understanding. This agreement is about using nuclear energy safely for health and farming.
Strategic Petroleum Reserves Partnership
The UAE is very important for India’s energy. In 2017, it started storing oil in Mangalore. This shows how important their work together is for energy.
Renewable Energy Initiatives
Both countries are looking into green hydrogen and solar energy. They want to work together on sustainable projects. They are also teaming up with France on solar and nuclear projects.
LNG Supply Agreements
Abu Dhabi National Oil Company and Indian Oil Corporation Limited made a deal. They will supply 1 million metric tonnes of LNG every year. This will help India’s energy needs and strengthen their partnership.
| Agreement | Parties Involved | Key Details |
|---|---|---|
| Civil Nuclear Cooperation MoU | NPCIL and ENEC | Peaceful use of nuclear energy |
| Strategic Petroleum Reserve | UAE and India | Crude oil storage in Mangalore |
| LNG Supply Agreement | ADNOC and IOCL | 1 MMTPA LNG supply |
Trade and Economic Integration Milestones
The UAE and India have made big steps in their trade and economic ties. The Comprehensive Economic Partnership Agreement (CEPA) has taken their partnership to new heights.
CEPA Impact on Bilateral Trade
CEPA has greatly improved trade between the UAE and India. Non-oil trade jumped to $28.2 billion in the first half of 2024. This is a 9.8% rise from the year before.
This growth shows how strong their partnership is getting.
Investment Flows and Opportunities
The UAE is very committed to helping India’s economy grow. It has invested $20-21 billion in India, with $15.18 billion being Foreign Direct Investment. The UAE wants to invest $100 billion in India, showing how deep their economic ties are.
| Investment Type | Amount (USD) |
|---|---|
| Total UAE Investments in India | 20-21 billion |
| UAE FDI in India | 15.18 billion |
| Target UAE Investment in India | 100 billion |
Local Currency Settlement System
India and the UAE have signed a deal for a Local Currency Settlement system. This system is managed by the Central Bank of the UAE and the Reserve Bank of India. It aims to cut down on using third-party currencies, making their partnership even stronger.
Conclusion
The UAE and India have formed a strong partnership. It covers trade, investment, and strategic areas. This partnership is growing in the Persian Gulf.
It’s not just about money anymore. They work together in defense, space, and green projects too.
The trade between them is huge. By 2022-2023, it hit $84.8 billion. They want to reach $100 billion in non-oil trade by 2030.
The UAE is India’s third-biggest trading partner. India is the UAE’s second. This shows how strong their trade is.
Healthcare is another area they’re working on. They use India’s doctors and the UAE’s hospitals. This helps a lot of people.
They also work together in education. For example, IIT Delhi has a campus in Abu Dhabi. This helps share knowledge and culture.
Looking ahead, their partnership is very important. They work together on technology, growing the economy, and solving global problems. This shows how respect and shared goals can make a big difference in the world.
