Today: 4 July 2025
19 May 2024
3 mins read

India, UAE hold talks on India Middle East Europe Economic Corridor

Indian Embassy in Abu Dhabi stated, “The visit, which took place within three months of signing the Agreement, reflects the importance both governments attach to the IMEEC project…reports Asian Lite News

The first inter-ministerial delegation from India held meetings from May 15-17 under the Intergovernmental Framework Agreement between the two countries concerning cooperation for the empowerment and operation of the India-Middle East-Europe Economic Corridor (IMEEC).

According to the Indian Embassy in Abu Dhabi press release, the IMEEC will provide effective alternate supply routes generating efficiencies and reducing costs. Indian Ambassador to UAE Sunjay Sudhir led the discussions with key entities like DP World UAE, AD Ports Group and UAE’s Federal Customs Authority.

“The Indian delegation comprised of senior officials from Ministry of Shipping, Ports & Waterways, Ministry of Commerce and Industry, Central Board of Excise and Customs and Deendayal Upadhyay Port, Kandla,” the press release stated.

“They visited Khalifa Port, Fujairah Port and Jebel Ali Port where they held detailed discussions with the respective Port authorities for facilitating the movement of goods between India and the UAE and beyond. They also held meetings with UAE Customs Authorities,” it added.

Indian Embassy in Abu Dhabi stated, “The visit, which took place within three months of signing the Agreement, reflects the importance both governments attach to the IMEEC project. The Corridor will provide effective alternate supply routes generating efficiencies and reducing costs. Both sides agreed to continue discussions for early implementation of the Agreement.”

In a post on X, the Indian Embassy in Abu Dhabi stated, “India Middle East Europe Corridor (IMEEC) takes shape with the 1st visit of n Inter-Ministerial Delegation to for Intergovernmental Framework Agreement on IMEEC. Amb @sunjaysudhir led the discussions with key UAE entities like @DPWorldUAE @ADPortsGroup @CUSTOMSUAE.”

On February 13, India and UAE signed the framework agreement in the presence of Prime Minister Narendra Modi and UAE President Mohammed bin Zayed Al Nahyan in Abu Dhabi, according to the press release. The Agreement provides for cooperation towards the development of IMEEC and exploring potential joint investment and technical collaboration towards this objective.

Earlier in February, PM Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan held a meeting and discussed the India-UAE bilateral relationship and witnessed the exchange of eight agreements. The two leaders met during PM Modi’s two-day visit to the UAE.

“The two leaders discussed the India-UAE bilateral relationship, which was formally elevated to a Comprehensive Strategic Partnership during the visit of Sheikh Mohamed bin Zayed Al Nahyan to India in 2017. They expressed satisfaction on the progress achieved in various sectors, noting that the partnership between the two countries has been significantly expanding over the years,” the joint statement read.

The agreements signed between India and the UAE are the Bilateral Investment Treaty, the Inter-Governmental Framework Agreement on the India-Middle East-Europe Economic Corridor (IMEEC), the MoU for cooperation on Digital Infrastructure Projects, the MoU in the field of Electricity Interconnection and Trade, the MoU for cooperation with the National Maritime Heritage Complex, Lothal at Gujarat.

India, the US, UAE, Saudi Arabia, France, Germany, Italy and the European Union signed the Memorandum of Understanding (MoU) to establish the India-Middle East-Europe Economic Corridor (IMEEC) during the G20 Summit held in New Delhi in September last year. (ANI)

ALSO READ-UAE lining up with Israel, US on demanding Palestinian reform

Previous Story

UAE lining up with Israel, US on demanding Palestinian reform

Next Story

Spain Blocks Indian Arms To Israel

Latest from -Top News

India Outpaces Peers in Morgan Stanley Outlook

Global investment firm reaffirms India’s status as top-performing economy in latest growth outlook…reports Asian Lite News India is set to retain its position as the fastest-growing economy among nations tracked by Morgan

US Presses Hamas on Ceasefire Deal

The new proposal seeks to address some of Hamas’ concerns, and Israeli hostages will be released in exchange for Palestinian prisoners during the ceasefire….reports Asian Lite News US President Donald Trump has

Trump Ends Syria Sanctions

Syria has been designated a State Sponsor of Terrorism by the United States since December 1979…reports Asian Lite News US President Donald Trump signed an executive order terminating Syria sanctions, according to

India’s Growth Defies West Asia Tensions

The deepening crisis in West Asia, particularly between Israel and Iran, has had little to no visible impact on India’s economic trajectory or its export performance….reports Asian Lite News The limited trade
Go toTop

Don't Miss

World poised for ‘era-defining moments’ 

The 3rd edition of the Dubai Future Forum at the

MBZ meets Emirati students and doctors in France

The UAE President underscored the role of Emirati students studying