India Congratulates UAE for Joining BRICS Group on January 1
Defense News ,India :- In a significant development, the UAE and India issued a joint statement during Saudi President Mohamed Bin Zayed Al Nahyan's official visit to attend the Vibrant Gujarat Global Summit in Ahmedabad. The statement reiterated the UAE's commitment to collaborate closely with India and other BRICS member states to achieve common objectives.
Both nations pledged to continue their cooperation within BRICS and other international forums, emphasizing the UAE's eagerness to champion the values of multilateralism for global peace and development. The BRICS group consists of Brazil, Russia, India, China, and South Africa, with Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE officially joining on January 1.
The visit of the UAE President, upon the invitation of PM Modi, to the ongoing Vibrant Gujarat Global Summit 2024 marked a crucial moment. The leaders engaged in constructive talks, highlighting the strength of their Comprehensive Strategic Partnership and expressing a commitment to reinforce their longstanding strategic ties.
Discussions included the global roles of India and the UAE in 2023, with a focus on India's G20 Presidency and the UAE's COP28 Presidency. The UAE praised India's ambitious efforts in the G20 and the synergy between the G20 process and COP28 in 2023.
The UAE's participation as a Guest Country in the summit showcased its dedication to multilateral cooperation. India lauded the UAE for successfully hosting COP28, achieving the historic "The UAE Consensus," and recognized the UAE's support for India's initiatives.
Both leaders reviewed the progress of the India-UAE Comprehensive Strategic Partnership and exchanged Memorandums of Understanding (MoUs). These included agreements on Investment Cooperation in Innovative Healthcare Projects, Renewable Energy Sector, Food Park Development, and a partnership between DP World and the Government of Gujarat.
Emphasizing the importance of food security, the leaders highlighted the India-UAE Food Park project, aiming to enhance reliability and resilience in food supply chains. They recognized the significance of the MoU on Investment Cooperation in the Renewable Energy Sector, focusing on collaborative efforts in renewable energy projects.
The leaders acknowledged the robust economic and commercial cooperation between the two countries, with the UAE being the fourth-largest investor in India. They welcomed the growth in India-UAE trade since the implementation of the Comprehensive Economic Partnership Agreement (CEPA), targeting non-oil trade to reach USD 100 billion by 2030.
Both leaders underscored the need for a stable multilateral trading system, expressing the importance of the 13th WTO Ministerial Conference in Abu Dhabi in February 2024.
In the energy sector, the leaders resolved to enhance bilateral cooperation across oil, gas, and renewable energy. Collaboration in Green Hydrogen, solar energy, and grid connectivity was highlighted, along with increased investments in India's Strategic Petroleum Reserve Program.
The joint statement reflected the depth and breadth of the India-UAE partnership, recognizing achievements and outlining future goals for mutual benefit and global progress.
