Friday, October 6, 2023 – 1:59 PM
Abu Dhabi, 6 October / WAM / In the presence of His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, the Ministry of Economy and the Abu Dhabi Chamber of Commerce and Industry organized a joint business meeting for a high-level delegation from the Republic of India, headed by His Excellency Piyush Goyal, Minister of Commerce and Industry, which included more than 20 CEOs of a number One of the most prominent Indian companies, to discuss ways to enhance bilateral economic relations within the framework of the Comprehensive Economic Partnership Agreement between the United Arab Emirates and the Republic of India, which entered into force in May 2022, where attendees discussed mechanisms for future cooperation and ways to enhance investment and economic opportunities between the two countries.
In his speech, His Excellency Dr. Thani Al Zeyoudi praised the growing relations between the UAE and India, especially after the Comprehensive Economic Partnership Agreement between the two countries came into effect, stressing the UAE’s commitment to strengthening the partnership with the private sector and policy designers in both countries to achieve greater prosperity and growth.
His Excellency said: “Today, UAE-Indian relations are at their best since the official start of diplomatic relations between the two countries more than 50 years ago. The Comprehensive Economic Partnership Agreement has brought the two economies closer, enhanced trade exchange and investments, and established a solid platform for joint future cooperation,” noting that the meetings Directness is important to achieve the maximum benefit from the agreement, enhance dialogue, and consolidate networks of relationships that develop into fruitful partnerships that benefit both sides.
His Excellency added: “I look forward to continuing to work with His Excellency Piyush Goyal to ensure that the comprehensive agreement achieves more qualitative and tangible results in the future.”
For his part, His Excellency Piyush Goyal said: “The Comprehensive Economic Partnership Agreement between the two countries plays a pivotal role in strengthening economic and trade relations between the two countries, stimulated further growth and prosperity, and achieved new enablers for the private sector.”
For his part, His Excellency Abdullah Mohammed Al Mazrouei, Chairman of the Board of Directors of the Abu Dhabi Chamber of Commerce and Industry, confirmed that the meeting is consistent with the objectives of the Abu Dhabi Chamber, which aim to enhance ways of cooperation between representatives of commercial companies and provide the optimal investment climate for them, in a way that ensures achieving the desired returns and common benefit that supports the economic scene in the region. Both countries.
His Excellency stressed that the UAE-Indian relations are characterized by close and solid ties that have witnessed significant expansion and development in various economic fields over the past decades, especially after the Comprehensive Economic Partnership, which established an alliance for joint growth and a platform for comprehensive economic cooperation and integration between the UAE and India.
Al Mazrouei said that the UAE is considered India’s third largest trading partner for the year 2022-2023 and India’s second largest export destination. India is also the UAE’s second largest trading partner, which drives this strong relationship to achieve efforts aimed at strengthening the existing economic partnership between the two countries and diversifying it from By adopting innovative initiatives that contribute to enhancing the access of the business communities in both India and the UAE to available opportunities, supporting the growth and expansion of emerging companies in the markets of the two countries, and attracting, supporting and advancing businesses.
In turn, His Excellency Ahmed Khalifa Al Qubaisi, Director General of the Abu Dhabi Chamber, said that this meeting comes within the framework of the Abu Dhabi Chamber’s efforts to enhance cooperation with all prestigious local and international bodies to enhance the prosperity of the economic, investment and commercial sectors at the local, regional and international levels, and to keep pace with the rapid development witnessed by the global economy.
He added: “The Confederation of Indian Industries meeting contributes to strengthening our partnerships and enables us to discuss opportunities for joint cooperation across various economic, investment and trade fields, in line with our endeavors to support efforts to explore opportunities provided by the business environment at the local and global levels, and in light of our efforts to organize networking events.” Business between local and international entities to explore opportunities for cooperation and promote economic growth and to support international delegations to facilitate trade, investment and cooperation opportunities for the private sector.”
The meeting was attended by R Dinesh, President of the Confederation of Indian Industries, Yousef Ali Musalim, Second Vice President of the Abu Dhabi Chamber and Chairman of Lulu International Group, in addition to representatives of a number of government agencies and Emirati companies.
Dina Omar
2023-10-06 10:02:18
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