Abu Dhabi: India and the UAE have reiterated their commitment to achieving the ambitious goal of USD 100 billion of bilateral trade in the next five years, as External Affairs Minister S Jaishankar co-chaired a "very productive" meeting of the joint commission between the two nations and assessed the "significant progress" made in multiple domains of cooperation.
Mr Jaishankar, who is here on a three-day visit, co-chaired the 14th India-UAE Joint Commission Meeting (JCM) along with his UAE counterpart Sheikh Abdulla bin Zayed Al Nahyan in Abu Dhabi on Thursday.

During the meeting, both ministers expressed their deep satisfaction at the continued high growth trajectory of bilateral relations between India and UAE, the Ministry of External Affairs said in a statement.

"A very productive meeting of the 14th India-UAE Joint Commission. Thank HH Sheikh Abdullah bin Zayed Al Nahyan for co-chairing it. Assessed the significant progress made in multiple domains of cooperation. The Joint Vision of our leadership is being implemented expeditiously," Mr Jaishankar tweeted after the meeting.

The two leaders noted the regular high-level political interactions between both sides, especially the meeting between Prime Minister Narendra Modi and UAE President Sheikh Mohammed bin Zayed Al Nahyan on June 28, 2022 in Abu Dhabi, their Virtual Summit on February 18, 2022 and their participation in the virtual I2U2 (India, Israel, the UAE and the US) summit in July 2022.

They also noted the cooperation between the two countries in various multilateral forums and international organisations, in particular in the UN Security Council in 2022.

Both ministers expressed happiness at the entry into force of the landmark Comprehensive Economic Partnership Agreement (CEPA) on May 1, 2022 and organisation of various activities and events for the effective implementation of the pact.

They reiterated their commitment to achieving the goal of USD 100 billion of bilateral trade in the next five years. They also positively assessed the investment partnership between both countries and the growth of UAE investments in India in diverse sectors.

It is expected that the next meeting of the High-Level Task Force between the two countries will be held shortly in India.

The progress in various elements of bilateral cooperation identified in the Vision Statement adopted by the two leaders (Modi and Sheikh Mohamed) on February 18, 2022 was also reviewed.
Source: NDTV

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