India and the UAE agreed to take their Trade Relations to another Level

India and the UAE agreed to improve their trade and investment relations during the first India-UAE High Level Task Force meeting in Abu Dhabi

Created On: Feb 19, 2013 12:58 ISTModified On: Feb 19, 2013 15:07 IST

India and the UAE agreed to improve their trade and investment relations during the first meeting of India-UAE High Level Task Force on Investment in Abu Dhabi on 18 February 2013. UAE decided to invest 2 billion dollars in Infrastructure sector projects in India and the two countries decided to work for and support Strategic Oil Reserve in India. The meeting was co-chaired by the Union Minister of Commerce, Industry and Textiles, Anand Sharma and Sheikh Hamid Bin Zayed Al Nahyan, Chairman of the Abu Dhabi Crown Prince Court.

As a part of the bilateral agreement, Five high level sub committees will be set up to promote investment in infrastructure and energy, trade and investment, manufacturing and technology, Information and communications technology and aviation sectors. India and UAE also decided to work together for third country projects, including Africa aimed at collaborating in the infrastructure sector and oil and gas exploration. The two countries also agreed to put in place Bilateral Investment Promotion and Protection Agreement(BIPA).

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप

AndroidIOS

Related Stories

Comment (0)

Post Comment

9 + 5 =
Post
Disclaimer: Comments will be moderated by Jagranjosh editorial team. Comments that are abusive, personal, incendiary or irrelevant will not be published. Please use a genuine email ID and provide your name, to avoid rejection.

    Monthly Current Affairs PDF

    • Current Affairs PDF November 2021
    • Current Affairs PDF October 2021
    • Current Affairs PDF September 2021
    • Current Affairs PDF August 2021
    • Current Affairs PDF July 2021
    • Current Affairs PDF June 2021
    View all

    Monthly Current Affairs Quiz PDF

    • Current Affairs Quiz PDF November 2021
    • Current Affairs Quiz PDF October 2021
    • Current Affairs Quiz PDF September 2021
    • Current Affairs Quiz PDF August 2021
    • Current Affairs Quiz PDF July 2021
    • Current Affairs Quiz PDF June 2021
    View all