{"id":282345,"date":"2024-02-12T20:27:55","date_gmt":"2024-02-12T14:57:55","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=282345"},"modified":"2024-02-12T20:27:55","modified_gmt":"2024-02-12T14:57:55","slug":"a-privileged-strategic-partnership-india-and-u-a-e","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/a-privileged-strategic-partnership-india-and-u-a-e\/","title":{"rendered":"A privileged strategic partnership-India and U.A.E."},"content":{"rendered":"

Source<\/strong>-This post on India-U.A.E. relations<\/strong> has been created based on the article \u201cA privileged strategic partnership, without a gulf<\/strong>\u201d published in \u201cThe Hindu<\/strong>\u201d on 10 February 2024.<\/p>\n

UPSC Syllabus Topic<\/strong>: GS Paper 2 International Relations \u2013 Bilateral, regional and global groupings and agreements involving India and\/or affecting India\u2019s interests.<\/p>\n

News<\/strong>-The article highlights the robust bilateral relationship between India and U.A.E.<\/p>\n

Context<\/strong>–<\/strong> Prime Minister Narendra Modi will pay visit <\/strong>to the United Arab Emirates (UAE) from February 13-14, 2024, to inaugurate<\/strong> a temple in Abu Dhabi.<\/p>\n

What is the status of India-U.A. E relations?<\/strong><\/h2>\n

The upcoming visit will be the Prime minister’s seventh visit<\/strong> to the UAE since 2015 and the third in the last eight months. Further, UAE President was felicitated in a road show when he was in Gandhinagar in January this year as the chief guest of the 10th Vibrant Gujarat Summit<\/strong>.
\nIn this short duration. India\u2019s relationship with UAE has evolved into becoming one of the most prominent bilateral relationships<\/strong> for New Delhi.<\/p>\n

What are the Areas of cooperation between India-U.A.E. relationship?<\/strong><\/h2>\n

1) Strategic cooperation<\/strong>-a) India is a part of a number of important groupings such as the I2U2 or the West Asian Quad comprising India, Israel, the United States and the UAE<\/strong>.
\nb) The UAE is also part of the India-Middle East-Europe Economic Corridor (IMEEC)<\/strong> infrastructure project that was signed during the G-20 summit in Delhi. This is aimed to counter China’s Belt and road <\/strong>initiative in the region.<\/p>\n

2) Energy cooperation<\/strong>– The UAE is only nation <\/strong>from the gulf region which has strategic oil reserves stored<\/strong> in India. An agreement was signed by Indian Strategic Petroleum Reserves Ltd (ISPRL) and the Abu Dhabi National Oil Company to invest in the strategic crude oil storage facility in Mangaluru.<\/p>\n

3) Economic cooperation<\/strong> a) The UAE is India\u2019s third-largest trading partner<\/strong> and India\u2019s second-largest export destination<\/strong>. The bilateral trade between the two countries grew to $85 billion in 2022-23.
\nb)\u00a0 The UAE is also the fourth-largest overall investor<\/strong> in India.
\nc) The India-UAE Comprehensive Economic Partnership Agreement<\/strong> aims to increase trade in services to $115 billion in five years.
\nd) The Indian government has also approved the signing and ratification of a bilateral investment treaty <\/strong>with the UAE.<\/p>\n

4) Technical cooperation<\/strong>– India and U.A.E. have a robust financial technology<\/strong> cooperation. For example-a) The RuPay card<\/strong>, a key component of India\u2019s Digital Public Infrastructure (DPI), is accepted in the UAE.
\nb) From July 2023, the rupee <\/strong>was accepted for transactions at Dubai\u2019s airports<\/strong>.
\nc) India and the UAE have operationalized a rupee-dirham settlement system <\/strong>where the Indian Oil Corporation made a rupee payment to the Abu Dhabi National Oil Company for crude oil imports.<\/p>\n

5) Climate change cooperation<\/strong>-PM Modi attended the COP 28 climate summit held in Dubai. To address the issue of finance, India and the UAE co-launched the Global Green Credit Initiative.<\/strong><\/p>\n

What are the areas of divergence between India and U.A.E.?<\/strong><\/h2>\n

1) There are challenges like unclear regulations<\/strong>, labour laws<\/strong> and transparency faced by Indian businesses’ in U.A.E.<\/p>\n

2) The UAE and Iran have territorial disputes<\/strong> between them. Any escalation in this will affect India\u2019s trade and<\/strong> energy security<\/strong>.<\/p>\n

3) The UAE is home to a large number of Indians. There are so many blue-collar workers and manual laborers<\/strong> as well. They face many issues such as terrible working<\/strong> and living conditions<\/strong>, and discrimination<\/strong> in treatment vis-a-vis other workers.<\/p>\n

Conclusion<\/strong>–<\/strong>India and UAE display great convergence and mutual respect<\/strong> at all levels. There are certain divergences, but those exist even among the best of friendly nations<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Source-This post on India-U.A.E. relations has been created based on the article \u201cA privileged strategic partnership, without a gulf\u201d published in \u201cThe Hindu\u201d on 10 February 2024. UPSC Syllabus Topic: GS Paper 2 International Relations \u2013 Bilateral, regional and global groupings and agreements involving India and\/or affecting India\u2019s interests. News-The article highlights the robust bilateral… Continue reading A privileged strategic partnership-India and U.A.E.<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,1235],"tags":[212,239,10498],"class_list":["post-282345","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-international-relations","tag-gs-paper-2","tag-international-relations","tag-the-hindu","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/282345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=282345"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/282345\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=282345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=282345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=282345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}