India-UAE landmark FTA - what does it mean for ties? | Worldview with Suhasini Haidar

India and the UAE signed a big free trade agreement or Comprehensive Economic Partnership Agreement or #CEPA. What does it mean for ties between India, the UAE, and the larger Gulf region?

[Ayra]

CEPA first for modi( in 10 years, although cecpa with Mauritius--not big)
Earlier - cancelled bits, avoided fta and not joined rcep
First among other negotiated(aus, gulf, canada, uk)

-for uae, first outside GCC

*Push to bilateral trade(now 59bn dollar -india (2nd largest for uae)and uae(3rd largest for India) ) - aiming for 100bn dollar
*investment(18bn dollar (9th largest) and 11bn dollar is FDI)
*could pave the way for broader FTA with GCC(framework agreement signed in 2004 but no improvements)
*more engagements with west asian quad - MEQ - israel - usa -uae -india
*historical trade links - mesapotamia and indus civilization

Energy - saudi (38MT) and uae(22MT) - half of indias crude import

Labour ties: 3.5 mn indians - 14bn remittances

Leaders - modi and mbz.. crown prince invited for republic day as guest, uae given its highest civilian award to modi during 2019 election, even invited sushma swaraj to OIC

[gauravchauhan]

India- UAE positive
Economic relations- trade relation 59 B dollar, doubling in next five years, investment from uae to india, energy security- crude oil importing for india, indian labours 3.5 M and their remittance
Security-terrorism, intelligence sharing, cyber security, defence cooperation, defence excercises
Political understanding-modi got highest civilian award, uae shekh mohmmad Zayad took part India's republic prade in past, uae support on kashmir
Education and science tech, space tech
Challenges -
Balancing geopolitics between iran and uae, open and oil pricing, minority issue eg caa, labour issues

[shafiq-khoj]

These Episodes are very important for understanding India s foreign relations.
Thanks suhasini jii..

[mayurbagul]

Great session Suhasini mam, its been quite informative, comprehensive and fascinating..Need such deliberative sessions ..Thanks to The Hindu..keep going...

[parinchheda]

Very well presented video. Seemed to summarise all the points regarding the India and UAE relationship

[alokbasu]

Nice to hear your presentations. Got clarity, Suhasini. I try not to miss your videos.

[lakshyarajsinghdhirawat]

Ma'am your videos are really informatic and interesting

[arvindsinghhrdm]

Rupee was legal tender in GCC up to 1961 to 1966.

Very informative report team @hindu, the storytelling by suhasini mam is All the very best team :)

[Abhishekverma-ojin]

Very very helpful leacture madam thanks you maam

[icosthop]

This might be Trivia, but this is an excellent presentation and your English is wonderful 👏 👌 👍

[ramradhakrishnan]

Life brings its share of brillian shots of wisdom; your short but packed session has so far been always refreshing. They have been independent, informative and presented a differentiated viewpoint... not necessarily always in sync with the views of your parent group The Hindu, whose views i certainly do respect a great deal, but more often than not, I tend to agree to disagree with what they have to say. But this is about you and i must say you are blessed in your own ways to be able to almost always present a balanced and fact oriented world view. Best wishes.

[adithyavasudevan]

We need an ASEAN FTA, plus one with Japan, Russia, Brazil and South Korea.

[PRATHM-qw]

Mam i think India Mauritius ka pahla fta hai ye dusra fta hai correct your statement 😊😊

[dhananjaytiwari]

Nicely explained ma'am, now I'm sleeping 😴bye

[virendrapalsingh]

I hate The Hindu but I liked this program.

[vishnutiwari]

This is a 15 marks UPSC mains answer :)

[marx]

Iran oil is coming soon in market which will reduce petrol prices.

[isaiarasu]

Specially medical students in uk are affected

[Qisshsnwj]

She is reading out from front screen . I thought it's her speech, no.