UAE foreign minister visits India

Discussion in 'Foreign Relations' started by ejazr, May 19, 2012.

  1. ejazr

    ejazr Stars and Ambassadors Stars and Ambassadors

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    India-UAE contacts have intensified in the recent months with the foreign minister coming to India for the 3rd visit between them in less than a year. SM Krishna will also be going to UAE later in May to attend the India- Arab biannual conclave summit in UAE which will be their fourth visit. POssibly the most extensive Foreign minister vists in the last year between any country that India has.

    India-UAE trade is our biggest trade relationship with around $68 Billion in trade and around 1.7 million Indian expats living there including a big business community.

    Most Interesting was the UAE ambassador mentioning that India-UAE are working together on stablising Afghanistan but also the extensive discussions on the maritime piracy issue as well as stablising Somalia. This adds more weight to the earlier thread I created on India taking a keen interest in Somalia particularly building up its security forces.
    ________

    MEA - Ministry of External Affairs

    External Affairs Minister Shri S.M. Krishna is to visit the United Arab Emirates (UAE) from 14th to 16th April 2012. Relations between India and the UAE are deeply rooted in history and age-old economic, socio-cultural interactions and extensive people to people contacts.

    During the visit the External Affairs Minister is to preside, along with his counterpart His Highness Sheikh Abdullah bin Zayed Al Nahyan Minister of Foreign Affairs of UAE, over the 10th Session of India-United Arab Emirates Joint Commission for Technical & Economic cooperation (JCM). The JCM is alternatively held in New Delhi and Abu Dhabi. Some key agreements on double taxation and consular issues are to be signed during the visit.

    India’s bilateral trade with the UAE in 2010-2011 was estimated at US $ 67 billion and is likely to increase further. India and UAE were each other’s largest trade partners in 2010-2011. UAE is a significant investor in India in terms of FDI. These investments are largely concentrated in Energy; Services; Programming; Construction; and, Tourism and Hotels. Several prominent private and public sector Indian companies and banks are operating in the UAE.

    Both countries have regular exchange of dialogue in the field of defence. There have been goodwill visits of Indian Navy ships to the UAE from time-to-time. In recent years, bilateral defence cooperation has been strengthened.

    UAE is home to an Indian expatriate community of more than 1.75 million – the largest expatriate community in the UAE.

    During his visit to the UAE the External Affairs Minister will also interact with Heads of Indian Missions in the region at a conference convened in Abu Dhabi.
     
    Last edited: May 19, 2012
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  3. ejazr

    ejazr Stars and Ambassadors Stars and Ambassadors

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    UAE eager to boost energy exports to India

    NEW DELHI — The UAE is keen to increase its energy exports, as well as downstream investments in India, said Foreign Minister Shaikh Abdullah bin Zayed Al Nahyan.

    The UAE “would like to see more energy exports to India especially when it comes to crude oil... There are talks between our officials looking at these avenues and even further. We would like to see UAE presence in downstream investments in India, including petrochemicals,” Shaikh Abdullah told reporters on Friday during a joint Press conference with Indian Minister of External Affairs S.M. Krishna.

    Shaikh Abdullah and Krishna held wide-range of discussions on international, regional and bilateral issues including ways to boost trade ties, maritime security cooperation to tackle piracy and India-Pakistan ties.

    Shaikh Abdullah also said that he was “pleased” to see the developing “vibrant” ties between India and Pakistan.

    According to the Press Trust of India, the two sides also discussed the forthcoming 3rd India-Arab Economic Conclave to be hosted in Abu Dhabi on May 21 and 22 and the proposed road show on investments in Abu Dhabi and Dubai that Indian officials intend to undertake in June to exchange information and clarify issues related to the investment climate in India. Also discussed were ways to increase cooperation to fight the “scourge” of piracy.

    “Resolving piracy cannot come until we resolve Somalia,” Shaikh Abdullah said. He said building Somalia’s capacity in every form is the way the issue of piracy can be tackled. Underlining the country’s need to increase its oil imports, Krishna said: “The need to increase import of oil and other energy sources is of extreme critical importance and in UAE we have a dependable supplier which India needs so badly.”

    He added that it was decided to set up a high-level joint task force on investment which will also look into securing more oil supplies from UAE that has assured it of “increased” energy exports. Shaikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court and Managing Director of the Abu Dhabi Investment Authority, and India’s Commerce, Industries and Textiles Minister Anand Sharma will be leading the respective sides of the high-level task force, Krishna said.

    Aside from oil, the UAE is also looking at investment opportunities in sectors like petrochemicals. The Abu Dhabi Investment Authority, one of the world’s biggest sovereign wealth funds, is looking at investment opportunities in India, particularly in the real estate sector.
     
  4. ejazr

    ejazr Stars and Ambassadors Stars and Ambassadors

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    The press interaction transcript

    MEA - Ministry of External Affairs

    External Affairs Minister (Shri S.M. Krishna): His Highness, Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister of the United Arab Emirates; friends from media:

    This is for the third time His Highness, Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister of the United Arab Emirates and I are meeting in less than a year. It is an indication of the priority that each of us accords to our bilateral relations.

    Today we focused particularly on our economic ties. We discussed the forthcoming 3rd India-Arab Economic Conclave to be hosted in Abu Dhabi on 21st and 22nd May 2012 and the proposed Road Show on investment in Abu Dhabi and Dubai that Indian officials intend to undertake in June so as to exchange information and clarify issues related to the investment climate in India.

    The United Arab Emirates is our largest trading partner, significant contributor to our energy security, and hosts about 1.75 million Indian expatriates.

    The United Arab Emirates’ leadership is now keen to address the issue of investments to bring it on par with the multi-faceted relations we enjoy in all other sectors. I am happy to inform you that the two Governments have decided to set up a High Level Joint Task Force to explore further opportunities in the area of investments.

    His Highness Sheikh Hamad bin Zayed al Nahyan, the Managing Director of the Abu Dhabi Investment Authority, and our Commerce, Industries and Textiles Minister Shri Anand Sharma will be leading the respective sides of the High Level Task Force.

    Our bilateral relations have now acquired a new momentum and are progressing towards a comprehensive partnership for the mutual benefit of our countries.

    Thank you.

    Official Spokesperson (Shri Syed Akbaruddin): I now request His Excellency the Foreign Minister of the UAE to make his opening remarks.

    Foreign Minister of UAE (Mr. Sheikh Abdullah bin Zayed Al Nahyan): Good afternoon.

    Dear friend, dear colleague Mr. Krishna, I am very honoured to be back here in Delhi and visiting India. The relationship between our two countries prolongs for a period prior to the existence of our two nations as we know them now. The people-to-people relations between our two countries have been there for centuries, and we are very eager that we can even further facilitate this relationship in all means and forms.

    It is extremely important to see the frequent flights between our two countries. The trade is extending to 50 billion dollars this year. The UAE is the fourth largest supplier of crude oil to India. We have almost two million Indians visiting and living in the UAE. We are very proud of that. I think there is a lot we could do. I am very delighted that both our Governments have reached an agreement on having a Joint Investment Task Force with very senior officials on both sides. We are working together not only in developing our investments in India but in looking at future investments in India.

    India is not only a very important ally and a neighbour to the UAE but it is a booming economy worldwide. There is potential of one trillion dollar of investment in India in the next five years. India is looking for half of that amount to come from abroad. We would very much like to see a strong UAE presence in that.

    Minister, you visited the UAE on the 16th of April. We had a very good visit. You rightly mentioned that this is our third meeting in the last year. It is extremely important that we keep in touch on bilateral relationship between our two countries but also in exchanging our views in a very dynamic region that both of us live in.

    I am sure we will have even more time during lunch to discuss developments in the peace process between Israel and Palestine, discuss the Iran nuclear file, discuss the security in the Arabian Gulf, discuss the very vibrant and developing relationship in the last couple of months which we are very much pleased about between Pakistan and India, discuss the future of Afghanistan.

    We will also have the opportunity to talk about the importance of securing maritime access in the Gulf of Aden, stabilizing and supporting the Government in Somalia. So, there is a huge agenda in front of us both on investment, trade but also on security and political matters.

    Your Excellency, once again thank you very much for your kind words, and thank you very much for your robust support for the relationship between our two countries. I really hope that we could meet again soon and report to the media even further developments in the relationship.

    Official Spokesperson: The two Ministers have agreed to take a few questions.

    Question (Mr. N.C. Bipindra, IANS): This question is to the Indian External Affairs Minister.

    There have been plans of increasing oil imports from the UAE. Have you discussed this issue with your counterpart? What was the result of it?

    External Affairs Minister: India’s economy is one of the fastest growing economies in the world. As a result of that, the need for increased import of oil and other energy sources is of extreme critical importance to us. And in the United Arab Emirates we have a dependable supplier of oil which India needs so badly.

    In 2010, we imported 12 million tonnes, and in 2011 we increased it to 14 million tonnes. So, this should be the indication of the rate at which our imports from the UAE are going up. It is basically our refineries which make decisions on import of oil, and they are based on technical, economical and commercial considerations. Given the United Arab Emirates’ advantages on all these fronts, it is likely that this trend of the UAE continuing to meet our needs of energy security will be maintained.

    We also discussed the possibilities of cooperating not only on increase in oil imports but also investment opportunities in this sector. The Task Force on Investments, we will certainly look into this matter also.

    Question (Ms. Shohrat Aref, MENA): The UAE is an important source of energy to India. Do you intend to increase your exports to India in the coming period?

    Foreign Minister of UAE: As you know, the UAE is a large exporter of crude oil, and we keep on trying to improve our capacity when it comes to production and export. Looking at many of our strategic plans, we do not only try to increase our exports but also to diversify our own ways where we use our own resources. That is why we invest very heavily in renewable energies, we are trying to invest in nuclear energy so we can offset further our capacity to the world market.

    No doubt, we would like to see more UAE energy exports to India, especially when it comes to crude oil. I believe as we speak, there are talks between our officials and they are looking at these venues. But even further, as Mr. Krishna rightly mentioned, we would like to see a UAE presence in downstream investments in India when it comes to petrochemical, energy production, etc. It is not only a step that we would like to take today but there are several steps down the road that we would like to develop among our two countries.

    Question (Mr. Ashok Sharma): Given the existing cooperation between the two countries, I would like to ask the two Ministers, is there any possibility of jointly tackling the maritime pirates in a very specific manner?

    External Affairs Minister: We attach great importance to working with all other countries including the United Arab Emirates to counter the scourge of piracy on the high seas. When I visited Abu Dhabi last month, we had very extensive discussions on this issue. Both of us have agreed that our officials will work together and cooperate on tackling this menace collectively. We intend to share our knowledge, our intelligence, and cooperate effectively on this issue with the United Arab Emirates so that we as a group could tackle this scourge.

    Foreign Minister of UAE: Resolving piracy will not come unless we can resolve Somalia. It is very important that at a time when we face piracy in the Gulf of Aden and beyond actually, which I am very much pleased that the UAE and India are working very closely on, its key where we can resolve the source of this problem which is the lack of government, of unity, of the void that has been created in Somalia. We are working very closely with the Central Government in Mogadishu but also with the local governments in Somalia where we could further not only help and support but try to get them together, and beyond by engaging with the African Union, in helping Somalia, in supporting many of their difficulties let alone poverty and drought. But beyond that, where we can help them building their capacity in every way and form. That is the only way where we can make sure that the source of piracy is resolved. And here also the help and the cooperation between our two countries to Somalia and to the African Union is vital and key.


    And the video for those who don't want to read the text
     
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  5. ejazr

    ejazr Stars and Ambassadors Stars and Ambassadors

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    An ANI summary on the same visit


    India an "ally and cherished neighbour": UAE Foreign Minister
    New Delhi, May 18 (ANI): Foreign Minister of the United Arab Emirates (UAE) Sheikh Abdullah Bin Zayed Al Nahyan on Friday expressed UAE's interest to invest in India, calling it an "ally and cherished neighbour".

    Addressing a joint press conference with the External Affairs Minister S.M.Krishna here on Friday, Al Nahyan said the UAE would like to have a "strong presence" in the Indian market.

    "India is not only a very important ally and a neighbour to the UAE, but it's a booming economy worldwide. There is potential of 1 trillion dollar of investment in India in the next five years. India is looking for half of that amount to come from abroad, we would very much like to see a strong UAE presence in that," he said.

    External Affairs Minister S.M. Krishna reiterated UAE's importance to fulfill India's oil requirements, terming it "a dependent supplier of oil", besides announcing the creation of a joint joint 'high-level task force for investment' to be headed by Al Nahyan and Union Minister for Commerce, Industries and Textiles, Anand Sharma.

    " In United Arab Emirates (UAE) we have a dependent supplier of oil. In 2010, we imported 12 million tonnes and in 2011, we increased it to 14 million tonnes. So this would be the indication at the rate at which our import from UAE is going up," Krishna said.

    The issue of piracy also came up during the talks, with Al Nahyan urging the nations to resolve political unrest in Somalia -considered the headquarters for global pirates - to resolve the piracy menace.

    He said that India and UAE have been working together to tackle the 'scourge of piracy', with information sharing being the biggest tool in that direction.

    "Resolving piracy will not come unless we can resolve Somalia. It's very important that at a time where we face piracy in the Gulf of Aden and beyond, I am very much pleased that the UAE and India are working very closely (to resolve the issue). The key is to resolve the source of this problem, which is the lack of governance, government, unity and the void that has been created in Somalia," Al Nahyan said.

    The 3rd India-Arab Economic Conclave to be hosted in Abu Dhabi on May 21 and 22 and the proposed road show on investment in Abu Dhabi and Dubai in June were also discussed in the meet. (ANI)
     
  6. Zebra

    Zebra Senior Member Senior Member

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