Indian cabinet approves five agreements with UAE

This post was originally published on 19 January 2017 and the content may be outdated.

India’s Union Cabinet on Wednesday approved a slew of proposed agreements with the United Arab Emirates in various areas, including maritime and road transport, small & medium enterprises and agriculture & allied sectors.

The proposed agreements include a memorandum of understanding (MoU) between the two countries on the Mutual Recognition of Certificates of Competency, an official press release said.

The approval comes days ahead of the visit of His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, who will be the Chief Guest at this year’s Republic Day celebrations in New Delhi on January 26.

1. MoU on road transport

The proposed agreement is scheduled be signed between India’s Road Transport and Highways Ministry and the UAE’s Federal Transport Authority – Land and Maritime.

The deal envisages increased cooperation, exchange and collaboration between India and the UAE, and will contribute to increased investment in infrastructure development and enhance logistics efficiency, the press release said.

It will help in promoting safe, economical, efficient and environmentally robust road transport across India and will further help both countries in creating an institutional mechanism for cooperation in the field, the statement said.

2. MoU on maritime transport

A proposed agreement on Institutional Cooperation in Maritime Transport is intended to pave way for facilitation and promotion of maritime transport, simplification of customs and other formalities, wherever possible, observed in Ports and facilitation of the use of existing installations for the disposal of waste.

The MoU will enable shipping companies in both countries to enter into bilateral and multilateral arrangements for sustainable trading activities.

3. MoU on maritime training

The Mutual Recognition of Certificates of Competency in the maritime training domain will pave way for recognition of maritime education and training, certificates of competency, endorsements, training documentary evidence and medical fitness certificates for seafarers issued by the Government of the other country.

4. MoU on agriculture

The proposed agreement on the agriculture and allied sectors will promote understanding of best agricultural practices in the two countries and will help in better productivity at farmer fields as well as improved global market access leading to equity and inclusiveness.

5. MoU on SMEs and innovation

The MoU would benefit Indian SMEs and lead to equitable and inclusive development, as well as provide SMEs from both countries an exciting opportunity to build a mutually beneficial relationship and to explore each other’s markets.

The MoUs are also expected to improve cooperation as well as the sharing of knowledge and best practices in various fields.

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