India, UAE agree to ensure rapid standardization of air transport operations

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India and the United Arab Emirates agreed on Saturday to work as a priority to ensure the rapid normalization of air transport operations between the two countries.

“Considering the importance of air transport in facilitating bilateral relations and people-to-people connections, the two sides agreed that their respective civil aviation authorities should continue to work together as a matter of priority, in their mutual interest, to ensure the rapid standardization of air transport transport operations between the two countries, ”according to a statement from the authorities of the United Arab Emirates.

The two countries held the ninth meeting of the joint high-level India-UAE working group on investments.

The meeting was co-chaired by Sheikh Hamed bin Zayed Al Nahyan, member of the Executive Council of the Emirate of Abu Dhabi, and Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs, the statement said.

Senior officials representing relevant government authorities and various investment entities from both countries attended the meeting.

During the meeting, the two sides noted the impact of the COVID-19 pandemic on global trade and investment and reiterated the importance of continuing to strengthen the deep economic ties between the two countries.

The two sides recognized the collaboration between India and the United Arab Emirates during this difficult time and appreciated the leadership provided by the two countries in their regions to deal with the pandemic, according to the statement.

Commenting on the meeting of the Joint Working Group, Sheikh Hamed bin Zayed Al Nahyan, Co-Chair of the Joint Working Group and member of the Executive Council of the Emirate of Abu Dhabi, said India and UAE share a strategy broad and deep strategic. partnership, and this has helped bilateral economic relations continue to strengthen despite the challenges of the COVID-19 pandemic.

“The joint working group provides an important platform for dialogue between our two countries, creating new opportunities for trade and investment, and removing bottlenecks for further cooperation. Looking forward, India and the United Arab Emirates share ambitious goals to develop trade and investment activities between our countries, and the Joint Task Force will continue to play an important role in achieving these goals, “he said. stated in the press release.

Meanwhile, Piyush Goyal noted that the world will continue to witness greater achievements in the India-UAE partnership in the future.

“India and the United Arab Emirates have long-standing ties that have grown stronger in recent times and our continued engagement, even during the pandemic, reflects the priority this partnership holds for our two countries,” he said. declared.

“Our leadership places special emphasis on our relationship with the United Arab Emirates, and our bilateral forums such as the Joint Task Force provide effective mechanisms to strengthen our long-standing friendship. Given the strong growth prospects for the Indian economy, we look forward to increased investment. of the United Arab Emirates in various parts of India, ”he added.

The progress of the ongoing discussions on the India-UAE Comprehensive Economic Partnership Agreement, which will be an important and far-reaching step in promoting trade and investment between the two countries, was also reviewed during the meeting.

“In this regard, the two sides appreciated the efforts made to accelerate discussions towards a well-balanced agreement which will considerably deepen bilateral economic relations and benefit the economies of both countries,” the statement said.

Participants also reviewed the ongoing efforts to amend the long-standing Bilateral Investment Treaty of the UAE and India and noted the importance of concluding the negotiation process as soon as possible.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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