15th India-UAE Joint Commission Meeting co-chaired by EAM Jaishankar and his UAE

Current Context: The 15th India-UAE Joint Commission Meeting was held from December 12 to December 13, 2024, at Rashtrapati Bhavan, New Delhi, India.

• The meeting was co-chaired by External Affairs Minister S. Jaishankar of India and Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan of the UAE.
• The meeting was constituted by key officials and representatives from various sectors of both governments to discuss and enhance bilateral cooperation.
• Here are the key highlights:
• Strategic Partnership: Both nations reaffirmed their commitment to enhancing the Comprehensive Strategic Partnership, focusing on areas such as defence, emerging technologies, nuclear energy, polar research, critical minerals, and renewable energy.
• Trade and Economic Cooperation: The meeting emphasized the success of the India-UAE Comprehensive Economic Partnership Agreement (CEPA), which has significantly boosted bilateral trade, now totaling USD 85 billion. The two sides also discussed the India-Middle East-Europe Economic Corridor (IMEEC) to improve maritime connectivity and trade.
• Digital Infrastructure: Both countries commended their cooperation in the fintech sector, including the development of Central Bank Digital Currencies (CBDC), instant payments, and card schemes.
• Energy Collaboration: Discussions included long-term energy supply agreements and collaboration in renewable energy and green hydrogen projects.

Question:

1 What was the total bilateral trade value achieved between India and the UAE, as highlighted during the 15th India-UAE Joint Commission Meeting?

• A) USD 50 billion
• B) USD 75 billion
• C) USD 85 billion
• D) USD 100 billion

Answer: C) The bilateral trade between India and the UAE has reached USD 85 billion, attributed to the success of the India-UAE Comprehensive Economic Partnership Agreement (CEPA).