India -UAE Relations: Emerging Dynamics
Keywords:
Comprehensive Strategic Partnership, Comprehensive Economic Partnership Agreement (CEPA),United Arab Emirates (UAE)Abstract
In addition to being historical and founded on long-standing ties anchored in trade and economics, the India-UAE bilateral ties are progressive in nature. The unique connections between these two nations have become stronger over time. The importance both countries have on these connections is demonstrated by the recent exchange of high-level visits between the two sides.
Today, the relationship between India and the UAE is characterized by their shared economic and commercial interests as well as their strong political commitment to maintaining their current status and advancing the development of a stronger and more resilient alliance.
In recognition of their 50 years of close bilateral relations, the leaders of India and the United Arab Emirates decided to expand their Comprehensive Strategic Partnership. The historic Comprehensive Economic Partnership Agreement (CEPA), which took effect on May 1, 2022, was signed by India and the UAE. In order to confront the common global concerns, the two nations will have to work even harder together. This will also encourage the growth of new trade, investment, and innovation dynamics and increase bilateral interaction in a variety of fields.
The relationship between India and the UAE has developed beyond a simple one-sided relationship and has become a really comprehensive bilateral growth story, propelled by consistency, commitment, and action. The two governments' comprehensive multi-stakeholder strategy and approach strengthen their mutual understanding and respect. With the signing of the India-UAE CEPA, both countries are entering a golden age of economic and trade cooperation. Going forward, India and the UAE want to strengthen their collaborations in technology, innovation, and start-ups.
UAE and India also share common and shared concerns on issues of regional as well as international peace and security. In the ongoing war in Ukraine too, both have repeatedly abstained from voting against Russia at the UN, signaling common understanding and approach. There is a consensus between both nations that the security of the Gulf and the Indian Ocean are complementary and deserve a holistic approach. Both leaderships also appreciate the dangers and threats posed by violent non-state extremists.
With the baton of leadership being officially passed on to Sheikh Mohamed bin Zayed Al Nahyan (MBZ) in the United Arab Emirates (UAE), the limits of friendship between the two nations is boundless. As both the nations look towards their respective centenaries, it looks clear that the golden era of UAE-India bilateral relationship is just about to gain momentum.