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UAE is India's largest trading partner: Report

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DUBAI: The United Arab Emirates (UAE) has emerged as the country's largest trading partner in term of total trade exchange in the first half of 2010, says a media report.

"The UAE is India's largest trading partner in terms of India's total trade exchange in the first half of the current year," the Emirates News Agency said, citing a report by the analysis and trade information department at the ministry of foreign trade.

Non-oil trade exchange between the UAE and India grew by 57 per cent to reach USD 20.4 billion in the first half of 2010, according to the report by the analysis and trade information department at the ministry of foreign trade (moft) quoted by the agency.

The report is released on the occasion India's President Pratibha Devisingh Patil five-day visit to the UAE.

MoFT's survey revealed a positive shift from a trade deficit during the first quarter of 2009 worth about USD 2.9 billion. This has now changed to a surplus of USD 571 million during the first half of 2010.

According to the figures, the UAE-India trade deficit is shrinking by 120 per cent as UAE's total non-oil exports to the sub-continent have grown by 75 per cent to reach USD 4 billion in the first half of this year.

The study, prepared by researcher Yousef Diab and was supervised by Mattar Ahmed, head of the analysis and trade information department at moft, expected the value of trade exchange between both countries to reach USD 32.7 billion in 2010 from USD 29.4 billion last year.

Value of Indian investments in the UAE in 2007 was USD 2.5 billion, which accounted for seven per cent of total foreign direct investment in the country.

Similarly, the report noted, UAE companies invested up to USD 1.5 billion in the country over last year. It is expected that FDI investment by UAE firms will reach USD 1.9 billion by 2011.

Interestingly, the UAE's FDI investment in India is the largest among the Arab countries as well as 10th largest globally.

The UAE's non-oil exports to India grew by 75 per cent to reach USD 4 billion in the first half of 2010, compared to the same period of last fiscal.

The UAE investments in five major sectors of the Indian economy accounted for 48.6 per cent of the country's total direct investment in India for which the energy sector accounted for USD 263.7 million, followed by investment in the services sector at USD 143 million, software products (USD 115 million), construction (USD 99.2 million) and tourism and hotels at (USD 84 million).

Read more: UAE is India's largest trading partner: Report - The Times of India UAE is India's largest trading partner: Report - The Times of India
 
Good news, India needs to increase trade,bussiness and investments from gulf country's..
 
Pakistani readers ought to be more interested in Indian diplomacy for a number of reasons, prime among them that it exists where as that of Pakistan simply does not or when it does exist, it is composed of military service to the oil rich Wahabis -- In Syria, Indian diplomacy seeks a new balance, at least the perception of it anyway, Pakistan because it does not have relations with a party to a conflict is effectively a non-player, irrelevant:


India key to Syria's tilt to the East
By Sami Moubayed

DAMASCUS - Syria will host the president of India this week, even as President Bashar al-Assad just wrapped up groundbreaking visits to Romania, Bulgaria and Cyprus. Earlier in the year, he received the presidents of Pakistan, Venezuela and Russia in Damascus and carried out equally successful trips to Latin America, visiting Argentina, Brazil, Cuba, and Venezuela.

This foreign-policy drive is not new to the Syrians, having started in 2005 when relations reached rock bottom with the United States, France, and many heavyweight countries in Europe. Then, Syria realized that the outside world does not stop at the gates of Washington, London and Paris and that there was an entire world out there - emerging nations with tremendous potential - willing to engage with Syria, with no preconditions.


These countries happened to share Syria's views on a basket of global issues, were giant economies in the making, and all of them were strongly supportive of Syria's right to restore the occupied Golan Heights. Also, all of them happened to be strongly supportive of issues dear to Syria's heart, vis-a-vis lifting of the siege of Gaza and the rights of the Palestinians.

Syrian presidential advisor Bouthaina Shaaban wrote an article a few years back outlining this approach: "Perhaps the time has come to bring the Arabs, from a state of complete submission to the hostile West, towards the East and countries that share with us values, interests and orientation." She then asked: "What did we get from the West, to which the Arabs affiliated themselves for the entire past century, except for occupation, hatred and war?"

She made reference to former Malaysian prime minister Mahathir Mohammad, one of the many champions of the East, who similarly "headed East" towards Japan, Korea and China when reforming his country between 1981 and 2003.

Although relations have improved relatively with the US under President Barack Obama and been taken to new heights by French President Nicolas Sarkozy, Syria remains committed to its “heading East” policy, investing in bilateral relations with countries that are rapidly rising to rule the new world - China, Russia, Malaysia, Turkey, Brazil - and perhaps the jewel of the crown of all these nations, India.

President Pratibha Patil's visit to Syria will be the first for an Indian president in the history of bilateral relations, although India's first prime minister, the legendary Jawaharlal Nehru, made a groundbreaking visit to Syria in 1957.

A dinner was held in his honor at the Presidential Palace, and the following morning, Nehru handpicked a red Damascene rose to place on his jacket, saying that it made him feel bright and optimistic. During this brief visit, a main street in the heart of the capital was named in his honor, to "immortalize Syrian-Indian relations"
.

By 1960, Indian cinema had invaded Syrian culture with a groundbreaking film that topped the Syrian charts, Junglee, featuring the hit song Suku Suku, which became very popular among young Syrians. In 2003, former prime minister Atal Bihari Vajpayee visited Damascus, injecting the relationship with new life, prompting Assad to visit India in the summer of 2008, amid a flare of media attention.

On the political front, thanks to excellent Indian relations with both the Palestinians and Israelis, New Delhi can use its considerable influence to push the stalled Middle East peace process forward.

The Russians were unable to achieve any progress on that front, despite loud promises by President Dmitry Medvedev, nor were the French. The Americans have also drastically failed in the latest round of talks that took off and collapsed last September, under the watchful eye of Obama and US Secretary of State Hillary Clinton.

India, which enjoys the status of a neutral mediator, can try its hand where all of these nations failed and has repeatedly expressed a desire to play such a role. From where the Arabs stand, the Israelis must be convinced of the need to engage in a serious peace process, based on a halt of settlements, an end to the siege of Gaza, and a commitment to honoring Palestinian statehood.

On the Syrian front, Damascus has said, time and again, that Israel needs to restore occupied Golan, in full, based on the June 4, 1967 borders with Israel. If it does win a permanent seat on the Security Council, India (along with Brazil) can play a monumental role in helping the Arabs to get Israel to adhere to United Nations resolutions, or thwart ones that are frowned upon by countries like Syria, Lebanon, Iran, and Saudi Arabia, like UNSCR 1559.

It can help shelter Iran from a new round of sanctions and will certainly have a say on Lebanon if the tiny Mediterranean country decides to renege on its commitments to the Special Tribunal for Lebanon (STL) established to investigate the 2005 murder of prime minister Rafik al-Hariri. Only a UN Security Council vote can do away with the STL, and from where things stand in Lebanon today, the Beirut government is expected to back out of the tribunal to ward off a confrontation between the pro-West March 14 Coalition and the Hezbollah-led opposition.

War or chaos in Lebanon would be very worrying to the Indian government, which has troops deployed as part of the UN peacekeeping force in the south, monitoring the Lebanese-Israeli border. Syria realizes that even if it wished, Lebanon alone cannot do away with the STL, but it can get allies in the international community, like India, to help drown the tribunal, which has been "destructive" to both Lebanon and Syria and will be used to target the legacy, arms, and reputation of Hezbollah if indictments are issued naming Hezbollah members in the Hariri Affair.

The list of topics where common ground can be reached between Syria and India is long, ranging from collaboration on information technology and investment to development of scientific research, academic exchanges and cooperation on the Middle East peace process
.

In a relationship that has lasted for more than 50 years, there is trust in the air between Damascus and New Delhi, signaling that far from being symbolic, Syria's "heading East" policy is deep-rooted, well thought out and expected to reach new heights after Patil's visit.


Sami Moubayed is editor-in-chief of Forward Magazine in Syria.
 
Pakistani readers ought to be more interested in Indian diplomacy for a number of reasons, prime among them that it exists where as that of Pakistan simply does not or when it does exist, it is composed of military service to the oil rich Wahabis -- In Syria, Indian diplomacy seeks a new balance, at least the perception of it anyway, Pakistan because it does not have relations with a party to a conflict is effectively a non-player, irrelevant:


India key to Syria's tilt to the East
By Sami Moubayed

DAMASCUS - Syria will host the president of India this week, even as President Bashar al-Assad just wrapped up groundbreaking visits to Romania, Bulgaria and Cyprus. Earlier in the year, he received the presidents of Pakistan, Venezuela and Russia in Damascus and carried out equally successful trips to Latin America, visiting Argentina, Brazil, Cuba, and Venezuela.

This foreign-policy drive is not new to the Syrians, having started in 2005 when relations reached rock bottom with the United States, France, and many heavyweight countries in Europe. Then, Syria realized that the outside world does not stop at the gates of Washington, London and Paris and that there was an entire world out there - emerging nations with tremendous potential - willing to engage with Syria, with no preconditions.


These countries happened to share Syria's views on a basket of global issues, were giant economies in the making, and all of them were strongly supportive of Syria's right to restore the occupied Golan Heights. Also, all of them happened to be strongly supportive of issues dear to Syria's heart, vis-a-vis lifting of the siege of Gaza and the rights of the Palestinians.

Syrian presidential advisor Bouthaina Shaaban wrote an article a few years back outlining this approach: "Perhaps the time has come to bring the Arabs, from a state of complete submission to the hostile West, towards the East and countries that share with us values, interests and orientation." She then asked: "What did we get from the West, to which the Arabs affiliated themselves for the entire past century, except for occupation, hatred and war?"

She made reference to former Malaysian prime minister Mahathir Mohammad, one of the many champions of the East, who similarly "headed East" towards Japan, Korea and China when reforming his country between 1981 and 2003.

Although relations have improved relatively with the US under President Barack Obama and been taken to new heights by French President Nicolas Sarkozy, Syria remains committed to its “heading East” policy, investing in bilateral relations with countries that are rapidly rising to rule the new world - China, Russia, Malaysia, Turkey, Brazil - and perhaps the jewel of the crown of all these nations, India.

President Pratibha Patil's visit to Syria will be the first for an Indian president in the history of bilateral relations, although India's first prime minister, the legendary Jawaharlal Nehru, made a groundbreaking visit to Syria in 1957.

A dinner was held in his honor at the Presidential Palace, and the following morning, Nehru handpicked a red Damascene rose to place on his jacket, saying that it made him feel bright and optimistic. During this brief visit, a main street in the heart of the capital was named in his honor, to "immortalize Syrian-Indian relations"
.

By 1960, Indian cinema had invaded Syrian culture with a groundbreaking film that topped the Syrian charts, Junglee, featuring the hit song Suku Suku, which became very popular among young Syrians. In 2003, former prime minister Atal Bihari Vajpayee visited Damascus, injecting the relationship with new life, prompting Assad to visit India in the summer of 2008, amid a flare of media attention.

On the political front, thanks to excellent Indian relations with both the Palestinians and Israelis, New Delhi can use its considerable influence to push the stalled Middle East peace process forward.

The Russians were unable to achieve any progress on that front, despite loud promises by President Dmitry Medvedev, nor were the French. The Americans have also drastically failed in the latest round of talks that took off and collapsed last September, under the watchful eye of Obama and US Secretary of State Hillary Clinton.

India, which enjoys the status of a neutral mediator, can try its hand where all of these nations failed and has repeatedly expressed a desire to play such a role. From where the Arabs stand, the Israelis must be convinced of the need to engage in a serious peace process, based on a halt of settlements, an end to the siege of Gaza, and a commitment to honoring Palestinian statehood.

On the Syrian front, Damascus has said, time and again, that Israel needs to restore occupied Golan, in full, based on the June 4, 1967 borders with Israel. If it does win a permanent seat on the Security Council, India (along with Brazil) can play a monumental role in helping the Arabs to get Israel to adhere to United Nations resolutions, or thwart ones that are frowned upon by countries like Syria, Lebanon, Iran, and Saudi Arabia, like UNSCR 1559.

It can help shelter Iran from a new round of sanctions and will certainly have a say on Lebanon if the tiny Mediterranean country decides to renege on its commitments to the Special Tribunal for Lebanon (STL) established to investigate the 2005 murder of prime minister Rafik al-Hariri. Only a UN Security Council vote can do away with the STL, and from where things stand in Lebanon today, the Beirut government is expected to back out of the tribunal to ward off a confrontation between the pro-West March 14 Coalition and the Hezbollah-led opposition.

War or chaos in Lebanon would be very worrying to the Indian government, which has troops deployed as part of the UN peacekeeping force in the south, monitoring the Lebanese-Israeli border. Syria realizes that even if it wished, Lebanon alone cannot do away with the STL, but it can get allies in the international community, like India, to help drown the tribunal, which has been "destructive" to both Lebanon and Syria and will be used to target the legacy, arms, and reputation of Hezbollah if indictments are issued naming Hezbollah members in the Hariri Affair.

The list of topics where common ground can be reached between Syria and India is long, ranging from collaboration on information technology and investment to development of scientific research, academic exchanges and cooperation on the Middle East peace process
.

In a relationship that has lasted for more than 50 years, there is trust in the air between Damascus and New Delhi, signaling that far from being symbolic, Syria's "heading East" policy is deep-rooted, well thought out and expected to reach new heights after Patil's visit.


Sami Moubayed is editor-in-chief of Forward Magazine in Syria.

Nice article Muse,,,,Thanks for sharing....
 
Our President is going to have another empty parliament to speak to....

:tdown: :angry:

Why do you think everyone is same? She gets such honor because she is the president of India. Whatever shortcoming she may have but support her in international issues where she is representing India.
 
Pakistani readers ought to be more interested in Indian diplomacy for a number of reasons, prime among them that it exists where as that of Pakistan simply does not or when it does exist, it is composed of military service to the oil rich Wahabis -- In Syria, Indian diplomacy seeks a new balance, at least the perception of it anyway, Pakistan because it does not have relations with a party to a conflict is effectively a non-player, irrelevant:


India key to Syria's tilt to the East
By Sami Moubayed

DAMASCUS - Syria will host the president of India this week, even as President Bashar al-Assad just wrapped up groundbreaking visits to Romania, Bulgaria and Cyprus. Earlier in the year, he received the presidents of Pakistan, Venezuela and Russia in Damascus and carried out equally successful trips to Latin America, visiting Argentina, Brazil, Cuba, and Venezuela.

This foreign-policy drive is not new to the Syrians, having started in 2005 when relations reached rock bottom with the United States, France, and many heavyweight countries in Europe. Then, Syria realized that the outside world does not stop at the gates of Washington, London and Paris and that there was an entire world out there - emerging nations with tremendous potential - willing to engage with Syria, with no preconditions.


These countries happened to share Syria's views on a basket of global issues, were giant economies in the making, and all of them were strongly supportive of Syria's right to restore the occupied Golan Heights. Also, all of them happened to be strongly supportive of issues dear to Syria's heart, vis-a-vis lifting of the siege of Gaza and the rights of the Palestinians.

Syrian presidential advisor Bouthaina Shaaban wrote an article a few years back outlining this approach: "Perhaps the time has come to bring the Arabs, from a state of complete submission to the hostile West, towards the East and countries that share with us values, interests and orientation." She then asked: "What did we get from the West, to which the Arabs affiliated themselves for the entire past century, except for occupation, hatred and war?"

She made reference to former Malaysian prime minister Mahathir Mohammad, one of the many champions of the East, who similarly "headed East" towards Japan, Korea and China when reforming his country between 1981 and 2003.

Although relations have improved relatively with the US under President Barack Obama and been taken to new heights by French President Nicolas Sarkozy, Syria remains committed to its “heading East” policy, investing in bilateral relations with countries that are rapidly rising to rule the new world - China, Russia, Malaysia, Turkey, Brazil - and perhaps the jewel of the crown of all these nations, India.

President Pratibha Patil's visit to Syria will be the first for an Indian president in the history of bilateral relations, although India's first prime minister, the legendary Jawaharlal Nehru, made a groundbreaking visit to Syria in 1957.

A dinner was held in his honor at the Presidential Palace, and the following morning, Nehru handpicked a red Damascene rose to place on his jacket, saying that it made him feel bright and optimistic. During this brief visit, a main street in the heart of the capital was named in his honor, to "immortalize Syrian-Indian relations"
.

By 1960, Indian cinema had invaded Syrian culture with a groundbreaking film that topped the Syrian charts, Junglee, featuring the hit song Suku Suku, which became very popular among young Syrians. In 2003, former prime minister Atal Bihari Vajpayee visited Damascus, injecting the relationship with new life, prompting Assad to visit India in the summer of 2008, amid a flare of media attention.

On the political front, thanks to excellent Indian relations with both the Palestinians and Israelis, New Delhi can use its considerable influence to push the stalled Middle East peace process forward.

The Russians were unable to achieve any progress on that front, despite loud promises by President Dmitry Medvedev, nor were the French. The Americans have also drastically failed in the latest round of talks that took off and collapsed last September, under the watchful eye of Obama and US Secretary of State Hillary Clinton.

India, which enjoys the status of a neutral mediator, can try its hand where all of these nations failed and has repeatedly expressed a desire to play such a role. From where the Arabs stand, the Israelis must be convinced of the need to engage in a serious peace process, based on a halt of settlements, an end to the siege of Gaza, and a commitment to honoring Palestinian statehood.

On the Syrian front, Damascus has said, time and again, that Israel needs to restore occupied Golan, in full, based on the June 4, 1967 borders with Israel. If it does win a permanent seat on the Security Council, India (along with Brazil) can play a monumental role in helping the Arabs to get Israel to adhere to United Nations resolutions, or thwart ones that are frowned upon by countries like Syria, Lebanon, Iran, and Saudi Arabia, like UNSCR 1559.

It can help shelter Iran from a new round of sanctions and will certainly have a say on Lebanon if the tiny Mediterranean country decides to renege on its commitments to the Special Tribunal for Lebanon (STL) established to investigate the 2005 murder of prime minister Rafik al-Hariri. Only a UN Security Council vote can do away with the STL, and from where things stand in Lebanon today, the Beirut government is expected to back out of the tribunal to ward off a confrontation between the pro-West March 14 Coalition and the Hezbollah-led opposition.

War or chaos in Lebanon would be very worrying to the Indian government, which has troops deployed as part of the UN peacekeeping force in the south, monitoring the Lebanese-Israeli border. Syria realizes that even if it wished, Lebanon alone cannot do away with the STL, but it can get allies in the international community, like India, to help drown the tribunal, which has been "destructive" to both Lebanon and Syria and will be used to target the legacy, arms, and reputation of Hezbollah if indictments are issued naming Hezbollah members in the Hariri Affair.

The list of topics where common ground can be reached between Syria and India is long, ranging from collaboration on information technology and investment to development of scientific research, academic exchanges and cooperation on the Middle East peace process
.

In a relationship that has lasted for more than 50 years, there is trust in the air between Damascus and New Delhi, signaling that far from being symbolic, Syria's "heading East" policy is deep-rooted, well thought out and expected to reach new heights after Patil's visit.


Sami Moubayed is editor-in-chief of Forward Magazine in Syria.

As I said in another thread I support govt's foreign policy by 500% this is one reason behind it. If we get support at everywhere that is because of such policies.

Middle eastern countries are equally important to India. Don't know if India will mediate in Palestinian issue but in future India should make it sure that all the parties clam down ie atleast no more casualties.
 
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By the way is it me or are you frustrated about something??

It's both, I give a perfect set up for you to strike a six - instead you give me a one liner, as if I had called upon the dimmest among the dim.

What can our readers learn from the post? What has India to offer? Why? Why should others care? Instead, I get a one liner.
 
It's both, I give a perfect set up for you to strike a six - instead you give me a one liner, as if I had called upon the dimmest among the dim.

What can our readers learn from the post? What has India to offer? Why? Why should others care? Instead, I get a one liner.


Anyway take some rest dude...:tup:
 
Patil accorded warm welcome in UAE, trade, energy security on her agenda

President Pratibha Devisingh Patil, who arrived in United Arab Emirate capital Abu Dhabi on her maiden visit to the Gulf on Sunday evening, was on Monday, accorded a warm ceremonial welcome.

She was given a ceremonial welcome by a guard of honor at the Al Mushrif Palace, which located in the heart of Abu Dhabi. Her UAE counterpart, Sheikh Khalifa bin Zayed Al Nahyan, received her.

During the ceremonial reception, the national anthems of the two countries - India and the UAE - were played. This was followed by one-to-one talks between the two leaders and bilateral-level discussions.

The talks were followed by a lunch organized in honor of the visiting dignitary.

The Indian President is expected to meet the Crown Prince of Abu Dhabi, General Sheikh Mohammed bin Zayed bin Sultan Al Nahyan this evening. The meeting will be of 30-minutes duration.

The president and her entourage will then attend a function at the India Social and Cultural Center.

The highlight of President Patil's visit to the UAE will be the launching of an Indian Workers Resource Centre designed to provide a 24-hour helpline and counselling services to workers from the country that are in distress.

On Tuesday, the president will visit the Abu Dhabi Indian School to interact with students and faculty. She will also inaugurate the Indian Islamic Center and address the Abu Dhabi Chamber of Commerce.

On Tuesday afternoon, she will travel by road to Dubai, where she will address the India Club and attend a reception held in her honor by the Indian community.

On Wednesday, she will participate in an Internal Business Meeting at Dubai's Hyatt Hotel. A meeting will follow with the Vice-President and Prime Minister of UAE and ruler of Dubai Shaikh Mohammad Bin Rashid Al Maktoum.

On Wednesday evening, she will visit the world's tallest tower-the Burj Khalifa and the Dubai International Academic City.

On Thursday, President Patil will inaugurate the Indian Trade Exhibition Center at Sharjah and address a business meeting. She will then again visit the Burj Khalifa and take part in a Desert Safari.

She will leave for Syrian capital Damascus on Friday morning.

The UAE is federation of seven emirates with a presidential form of government. It is guided by an interim Constitution that was promulgated in 1971 and formerly adopted in 1996. It has a Council of Ministers and a Federal National Council consisting of 40 members, drawn proportionately from each of the seven emirates - Abu Dhabi (8), Dubai (8), Sharjah (6), Ras Al Khaimah (6), Umm Al Quwain (4), Ajman (4) and Fujairah (4).

India is both a major source of imports and exports for the UAE. India-UAE ties are multi-faceted and have the potential for the building of a strategic partnership. The UAE is also home to a 1.75 million strong Indian expatriate community.

India and the UAE are the largest trading partners of each other in terms of non-oil merchandise trade, with bilateral trade valued at 43.4 billion dollars for the year 2009-10. Over 450 flights take place between various destinations of India and the UAE.

The governments of the two countries have inked several bilateral pacts since January 1975. There have also been Joint Commission meetings and Foreign Office Consultations between the two countries.

Indians have emerged as important investors in the UAE. India's major exports to the UAE are petroleum products, precious metals, stones, gems and jewellery, minerals and food items etc. India imports petroleum and petroleum products, precious metals, stones, gems and jewellery, minerals, chemicals, wood and wood products. By Praful Kumar Singh (ANI)

Patil accorded warm welcome in UAE, trade, energy security on her agenda
 
It's both, I give a perfect set up for you to strike a six - instead you give me a one liner, as if I had called upon the dimmest among the dim.

What can our readers learn from the post? What has India to offer? Why? Why should others care? Instead, I get a one liner.
What can India offer? A humungous market for consumption, trade, energy security talks (Gulf of Aden remember) and hence valuable revenue in business. In terms of diplomacy, we enjoy respect from both Jewish and Arab side, meaning we can be an intermediary to their dialogues.

We already export massive food supplies to Arab countries. I think this is sufficient to make any country want to have friendly ties to us.
 
The main thing Muse wants to highlight is not for us Indian posters but Pakistani counterparts. The key thing is that India has tried to cultivate relations everywhere. While Pakistan has avoided certain countries, given their other priorities. Particularly i think he refers to the Pakistani help of Saudi Arabia and other Middle Eastern countries which hasn't yielded much benefits as it should have, the reason for this again is that Pakistan has maintained this relation on religious lines and has marginalised cultural and trade exchanges.

While Pakistan was the one who responded to help these countries in their wars against Israel, it couldn't reap too many diplomatic benefits.
 

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