Foreign Minister S. Jaishankar greets the Minister of Foreign Affairs and International Cooperation of the United Arab Emirates, Sheikh Abdullah bin Zayed bin Sultan Al Nahyan, during a meeting, in New Delhi, November 22, 2022. | Photo credit: PTI
India and the UAE are continuing their food security cooperation under I2U2, a new West Asian quadrangle that includes Israel and the United States.
Cooperation under the initiative was discussed at a meeting on Tuesday between UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan and External Affairs Minister S. Jaishankar.
“On food safety cooperation within the framework of I2U2, a delegation led by the CEO of ADQ visited India in October 2022 to advance discussions with different stakeholders,” the MEA said in a press note.
The I2U2 Leaders Summit was held in July where a decision was taken to mobilize private capital among member countries for projects in agriculture, infrastructure, digital connectivity, water, energy and transport. ADQ is an “active investor” and sovereign wealth fund located in Abu Dhabi.
On Tuesday, the two sides noted that bilateral relations have seen “appreciable” growth since the conclusion of the Comprehensive Economic Partnership Agreement, or CEPA, which came into force on May 1.
“India’s exports to the UAE between April and September 2022 were around $16 billion, a 24% year-on-year increase, while India’s imports grew increased 38% to $28.4 billion over the same period,” the MEA said.
Besides bilateral trade, the two sides also discussed energy, health, defense, space, climate change, skills, fintech and start-ups.
The two ministers also discussed “the global situation and various regional hot spots” during the talks, the MEA added.