MEETING HOLDED ON THE INDIA MIDDLE EAST EUROPEAN ECONOMIC CORRIDOR BY INDIA AND THE UA

World News

In accordance with the Intergovernmental Framework Agreement between the two nations for cooperation for the establishment and operation of the India-Middle East-Europe Economic Corridor (IMEEC), the first interministerial delegation from India convened meetings from May 15–17.

A press release from the Indian Embassy in Abu Dhabi claims that the IMEEC will offer efficient alternative supply lines that will lower expenses and increase efficiency. Key players such as DP World UAE, AD Ports Group, and the Federal Customs Authority of the United Arab Emirates were facilitated by Indian Ambassador to the UAE, Sunjay Sudhir.

“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,” according to the announcement.

“They went to the ports of Khalifa, Fujairah, and Jebel Ali, where

“The visit, which took place within three months of signing the Agreement, reflects the importance both governments attach to the IMEEC project,” the Indian Embassy in Abu Dhabi said. Effective alternative supply lines that lower costs and increase efficiency will be made available by the Corridor. It was decided by both parties to keep talking about implementing the agreement as soon as possible.”

“India Middle East Europe Corridor (IMEEC) takes shape with the first visit of an inter-ministerial delegation to forge an intergovernmental framework agreement on IMEEC,” the Indian Embassy in Abu Dhabi wrote in a post on X. The conversations with important UAE organisations like @DPWorldUAE @ADPortsGroup @CUSTOMSUAE were led by Amb @sunjaysudhir.”

In the presence of UAE President Mohammed bin Zayed and Prime Minister Narendra Modi, India and the UAE inked a framework agreement on February 13.

During a meeting earlier in February, UAE President Sheikh Mohamed bin Zayed Al Nahyan and PM Modi talked about the bilateral relationship between India and the UAE and saw eight agreements exchanged. During PM Modi’s two-day visit to the UAE, the two leaders had a meeting.

“The two leaders spoke about the bilateral relationship between India and the United Arab Emirates, which was formally upgraded to a Comprehensive Strategic Partnership in 2017 during Sheikh Mohamed bin Zayed Al Nahyan’s visit to India. In a joint statement, they expressed satisfaction with the advancements made in a number of areas and noted that the two nations’ friendship has grown over time.

The Bilateral Investment Treaty and the Inter-Governmental Framework Agreement on the India-Middle East-Europe Economic Corridor are the accords that India and the UAE have signed.

During the G20 Summit in September of last year in New Delhi, India, the United States, the United Arab Emirates, Saudi Arabia, France, Germany, Italy, and the European Union signed the Memorandum of Understanding (MoU) to build the India-Middle East-Europe Economic Corridor (IMEEC).

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