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Diverse Aspects of India and UAE Relationship
The India-UAE partnership has been multifaceted, encompassing various sectors such as investments, space corporations, Indian Ocean security, and the development of the Comprehensive Economic Partnership Agreement.
The UAE has also been a significant contributor to India's energy security, with several Indian companies operating in the UAE's oil and gas sector. Both countries have also been cooperating in the field of space research and exploration and have collaborated on various projects, including the launch of a joint satellite and the establishment of a space cooperation working group.
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Apart from that, the Indian Ocean region is of strategic importance to both India and the UAE. Ensuring maritime security in the region, including joint naval exercises and intelligence-sharing had been a top priority for both stakeholders in the past few years.
India and the UAE also signed a Comprehensive Economic Partnership Agreement (CEPA) in 2021, which is set to further strengthen the economic ties between the two countries. The agreement covers various areas of cooperation, including trade in goods and services, investments, and intellectual property.