PM Modi and UAE President Review Strategic Partnership to Boost Trade and Energy Ties

Indian Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan held talks to advance the Comprehensive Strategic Partnership between the two nations. The discussions focused on expanding bilateral cooperation across key sectors, including trade, investment, and energy security. Strengthening Economic Ties The meeting underscored the continued implementation of the Comprehensive Economic Partnership Agreement (CEPA), which entered into force in May 2022. Since the signing of this landmark trade deal, bilateral trade between India and the UAE has seen significant growth, with both nations working toward a target of $100 billion in non-oil trade by 2030. The leaders reviewed the progress of joint projects and identified new avenues for private sector collaboration. Energy and Technology Cooperation In addition to trade, the talks covered the evolving energy partnership, moving beyond traditional oil and gas to include renewable energy and green hydrogen. Both leaders discussed the integration of payment systems, specifically the linking of India’s UPI with the UAE’s AANI, which aims to facilitate seamless cross-border transactions for businesses and the…