Prime Minister Modi to Strengthen Bilateral Ties during UAE Visit

Prime Minister Modi to Strengthen Bilateral Ties during UAE Visit

Prime Minister Narendra Modi will embark on a two-day official visit to the United Arab Emirates (UAE) starting from February 13. During his visit, he will engage in various diplomatic activities aimed at strengthening bilateral relations between India and the UAE.

Bilateral Meetings

PM Modi will hold bilateral meetings with President of the UAE, Sheikh Mohamed bin Zayed Al Nahyan, to discuss strategies for deepening and expanding the strategic partnership between the two countries.

Participation in World Government Summit 2024

Additionally, Prime Minister Modi will participate in the World Government Summit 2024 as a Guest of Honour in Dubai. He is scheduled to deliver a special keynote address at the summit, emphasizing mutual interests and international issues.

Inauguration and Community Address

Furthermore, Modi will inaugurate the Bochasanwasi Akshar Purushottam Swaminarayan Sanstha (BAPS) Mandir, the first Hindu temple in Abu Dhabi. He will also address the Indian community at an event in Zayed Sports City, Abu Dhabi.

Comprehensive Strategic Partnership

India and the UAE share warm and multi-faceted relations, reinforced by strong political, cultural, and economic ties. Following PM Modi’s landmark visit to the UAE in August 2015, the bilateral relationship was elevated to a Comprehensive Strategic Partnership.

Economic Agreements

Both nations signed a Comprehensive Economic Partnership Agreement (CEPA) in February 2022 and established a Local Currency Settlement (LCS) System in July of the same year. These agreements aim to facilitate cross-border transactions using the Indian Rupee and the United Arab Emirates Dirham.

Trade and Investment

India and the UAE are significant trading partners, with bilateral trade amounting to approximately $85 billion in 2022-23. The UAE ranks among the top four investors in India in terms of foreign direct investment during the same period.

Indian Expatriate Community

The UAE hosts a vibrant Indian expatriate community of around 3.5 million individuals, constituting the largest expatriate group in the country. The positive contributions of this community to the UAE’s development are highly appreciated and serve as a key aspect of bilateral engagement between India and the UAE.

Multiple Choice Questions (MCQs):

  1. What is the purpose of Prime Minister Modi’s visit to the UAE?
    a) Cultural exchange
    b) Strengthening bilateral relations
    c) Business promotion
    d) Environmental cooperation
    Answer: b) Strengthening bilateral relations
  2. Which summit will Prime Minister Modi participate in during his visit to Dubai?
    a) Economic Forum
    b) World Government Summit 2024
    c) Climate Change Conference
    d) Technology Expo
    Answer: b) World Government Summit 2024
  3. What significant agreement was signed between India and the UAE in February 2022?
    a) Climate Accord
    b) Cultural Exchange Program
    c) Comprehensive Economic Partnership Agreement (CEPA)
    d) Military Cooperation Treaty
    Answer: c) Comprehensive Economic Partnership Agreement (CEPA)
  4. Which currency is being promoted for cross-border transactions between India and the UAE?
    a) Euro
    b) Indian Rupee and US Dollar
    c) Indian Rupee and UAE Dirham
    d) Chinese Yuan
    Answer: c) Indian Rupee and UAE Dirham
  5. What is the approximate bilateral trade between India and the UAE in 2022-23?
    a) $50 billion
    b) $100 billion
    c) $85 billion
    d) $150 billion
    Answer: c) $85 billion