india uae trade relations
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India’s Trade Relations with
United Arab Emirates
Group 4 (FOUR)
Roll No. Name
72 Rajeev Ranjan Kesarwani
86 Bertila Thabah
98 Nitin Dwivedi
108 Swatanu Mohan Satpathy
111 Anurag Mishra
115 Suman Kundu
Topics of discussion
About U.A.E. in brief India-U.A.E. bilateral relations Bilateral Treaties Economic Relations Business Environment in U.A.E. Defense Relations The Future
About U.A.E. in brief
Capital City : Abu Dhabi Largest City : Dubai Population : 8,132,491 (94th in the world) GDP (2010) : 239.56 billion USD Per Capita : US$49,995 HDI : 0.815 (32nd in the world) Currency : Dirham = 12.3 INR Indians numbering about 2 million are employed in
the U.A.E. economy
India-U.A.E. bilateral relationsIndia as import partner : 10% of U.A.E.’s import
Cotton accessories Gems and jewelry Man-made yarn and fabrics Marine products Machinery and instruments Plastic and linoleum Tea
India-U.A.E. bilateral relationsIndia as export partner : 4.8% of U.A.E.’s export
Pearl and precious/semi-precious stones ; Gold Pulp and paper waste Sulphur and unroasted iron pyrites Metal scrap Organic and inorganic chemicals
India-U.A.E. bilateral relations
Us $ mn 2006-2007 2007-2008 2008-2009 2009-2010
Import 8655.28 13482.61 23791.25 19499.1
Export 12021.77 15636.91 24477.48 23970.4
Total trade 20677.05 29119.52 48268.73 43469.5
Trade Balance 3366.49 2154.3 686.23 4471.3
Source : Dept of commerce, GOI
India-U.A.E. bilateral relations
2006-2007 2007-2008 2008-2009 2009-20100
5000
10000
15000
20000
25000
ImportExportTrade Balance
Source : Dept of commerce, GOI
Bilateral Treaties
Cultural Cooperation Agreement Double Taxation Avoidance Agreement Agreement to Combat Trafficking in Narcotic Drugs
and Psychotropic Substances Agreement for establishing air services between
and beyond their respective territories Extradition Treaty : Agreement on Mutual Legal
Assistance in Civil and Criminal Matters, Judicial Commissions and Execution of Judgments
Bilateral Treaties
Agreement between Press Trust of India and Emirates News Agency for mutual professional cooperation
Defense Cooperation Agreement MoU on Manpower Sourcing MoU for Cooperation between Indian Council of
World Affairs (ICWA)and Emirates Centre for Strategic Studies and Research (ECSSR)
MoU between Securities and Exchange Board of India and Emirates Securities and Commodities Authority for Assistance and Mutual Cooperation on the Exchange of Information
Economic Relations
U.A.E. is the 2nd largest market globally for Indian products
Indo-U.A.E. joint commission for economic, scientific and technical cooperation was set up in Jan 1975 on an EAM level. Trade and Investment Combat crime, terrorism and illicit activities Education, culture, youth and sports Science and Technology
Economic Relations
India is also the 3rd largest investor in U.A.E. Major Indian companies in U.A.E.
L&T Punj Lloyd Hinduja Group Pioneer Cement Oberoi Group of Hotels
Economic Relations
India has topped the list of export market for Dubai for the 2nd consecutive year with a share of 40.6% at 5.36 billion US$.
Joint Business Council agreement was signed on 19th Feb 2004 at Mumbai between Federation of U.A.E. member of commerce and industry and Federation of Indian Chambers of commerce and industry. IT, Oil-gas Healthcare Infrastructure Tourism
Economic Relations
U.A.E. has invested over USD 5 billion in India through FDI and FII routes.
Major U.A.E. companies investing in India DP world RAK Investment Authority Emaar Group Damas Jewellery Al Nakheel Abu Dhabi Commercial Bank ETA Star Group SS Lootah Group Emirates Techno Casting
Business Environment in U.A.E. U.A.E. possesses 10% of world’s proven crude oil
reserves, which will last for more than 100 years. U.A.E. free trade zones are home to more than
3000 companies with an estimated trade of around US$ 8 billion.
U.A.E. has easy access to 1.5 billion consumer markets situated in Africa, West Asia and East Europe as well as the areas around the Red Sea and the Gulf.
Business Environment in U.A.E. No Corporate Tax and Income Tax No Personal Income Tax No foreign exchange controls 100% repatriation of capital and profits 11 ports and 6 international airports Dubai Internet city - Oracle, IBM, HP, Cisco Dubai media city - bridge to the future, linking the
GCC (Gulf Cooperation Council) countries and to the other nations of the world
Business Environment in U.A.E.Booming Sectors in U.A.E.
Telecom Electronic Goods Food and Beverage sector Oil and Gas Real Estate Gold and Ornaments
Defense Relations
India has been training U.A.E. defense personnel in various disciplines at its specialized institutions.
India is participating regularly in all international defense exhibitions (IDEX) organized by the General Exhibitions Corporation of the U.A.E.
An Agreement on Joint Defense Cooperation was signed by the two sides during June 2003. There was agreement that the 'Strategic Dialogue' would be held annually.
Defense Relations
At the first JDCC Meeting in April 2006, both sides agreed to support defense exhibitions in each country by deputing its platforms and personnel.
As a follow up of the meeting of the JDCC in April 2006 several steps were taken Enhance participation in training programmes Exchange of visits by service Chiefs Visits of Naval Ships and Coast Guard Cooperation in defense production industries
Defense Relations
In 2006 beginning, two Indian naval ships and two Indian Coast Guard vessels visited UAE.
India’s Navy Chief had a successful visit to the UAE in Feb 2007 during which he had meetings with the military chiefs of U.A.E.
The U.A.E. sent its defense officials to the Aero Show in Bangalore in Feb 2007.
A 5-member U.A.E. Defence Team visited India to examine Anti Aircraft Gun L-70-40 mm in March 2007.
The Future
Recent visit : The president of India visited U.A.E. from 21st to 25th November 2010
Agreement on security cooperation, counter-terrorism and maritime security Specific proposals focusing on education, science and technology and regional security An important area of cooperation, food security U.A.E. to invest in projects for enhancing agricultural
production in India, especially in the area of food processing
Labor welfare
The Future
U.A.E. to participate in activities in the petroleum sector to strengthen India's energy security, as well as in the infrastructure sector, including in the Railways.
Simultaneously, the U.A.E. assured India that it would back New Delhi's efforts for a permanent seat in the United Nations Security Council.
India-U.A.E. relations have been traditionally warm and friendly and based on continuity, trust and confidence without any irritants. This is likely to continue.
Thank You