India UAE Trade Relations


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India UAE Trade Relations

  1. 1. India’s Trade Relations <br />with <br />United<br />Arab<br />Emirates<br />
  2. 2. Group 4 (FOUR)<br />
  3. 3. Topics of discussion<br />About U.A.E. in brief<br />India-U.A.E. bilateral relations<br />Bilateral Treaties<br />Economic Relations<br />Business Environment in U.A.E.<br />Defense Relations<br />The Future<br />
  4. 4. About U.A.E. in brief<br />Capital City : Abu Dhabi<br />Largest City : Dubai<br />Population : 8,132,491 (94th in the world)<br />GDP (2010) : 239.56 billion USD<br />Per Capita : US$49,995<br />HDI : 0.815 (32ndin the world)<br />Currency : Dirham = 12.3 INR<br />Indians numbering about 2 million are employed in the U.A.E. economy<br />
  5. 5. India-U.A.E. bilateral relations<br />India as import partner : 10% of U.A.E.’s import<br />Cotton accessories<br />Gems and jewelry<br />Man-made yarn and fabrics<br />Marine products<br />Machinery and instruments<br />Plastic and linoleum<br />Tea<br />
  6. 6. India-U.A.E. bilateral relations<br />India as export partner : 4.8% of U.A.E.’s export<br />Pearl and precious/semi-precious stones ; Gold<br />Pulp and paper waste<br />Sulphur and unroasted iron pyrites<br />Metal scrap<br />Organic and inorganic chemicals<br />
  7. 7. India-U.A.E. bilateral relations<br />Source : Dept of commerce, GOI<br />
  8. 8. India-U.A.E. bilateral relations<br />Source : Dept of commerce, GOI<br />
  9. 9. Bilateral Treaties<br />Cultural Cooperation Agreement<br />Double Taxation Avoidance Agreement<br />Agreement to Combat Trafficking in Narcotic Drugs and Psychotropic Substances<br />Agreement for establishing air services between and beyond their respective territories<br />Extradition Treaty : Agreement on Mutual Legal Assistance in Civil and Criminal Matters, Judicial Commissions and Execution of Judgments<br />
  10. 10. Bilateral Treaties<br />Agreement between Press Trust of India and Emirates News Agency for mutual professional cooperation<br />Defense Cooperation Agreement<br />MoU on Manpower Sourcing<br />MoU for Cooperation between Indian Council of World Affairs (ICWA)and Emirates Centre for Strategic Studies and Research (ECSSR)<br />MoU between Securities and Exchange Board of India and Emirates Securities and Commodities Authority for Assistance and Mutual Cooperation on the Exchange of Information<br />
  11. 11. Economic Relations<br />U.A.E. is the 2nd largest market globally for Indian products<br />Indo-U.A.E. joint commission for economic, scientific and technical cooperation was set up in Jan 1975 on an EAM level.<br /><ul><li> Trade and Investment
  12. 12. Combat crime, terrorism and illicit activities
  13. 13. Education, culture, youth and sports
  14. 14. Science and Technology</li></li></ul><li>Economic Relations<br />India is also the 3rd largest investor in U.A.E. <br />Major Indian companies in U.A.E.<br /><ul><li> L&T
  15. 15. Punj Lloyd
  16. 16. Hinduja Group
  17. 17. Pioneer Cement
  18. 18. Oberoi Group of Hotels</li></li></ul><li>Economic Relations<br />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$.<br />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.<br /><ul><li> IT, Oil-gas
  19. 19. Healthcare
  20. 20. Infrastructure
  21. 21. Tourism</li></li></ul><li>Economic Relations<br />U.A.E. has invested over USD 5 billion in India through FDI and FII routes.<br />Major U.A.E. companies investing in India<br /><ul><li> DP world  RAK Investment Authority
  22. 22. Emaar Group  Damas Jewellery
  23. 23. Al Nakheel  Abu Dhabi Commercial Bank
  24. 24. ETA Star Group
  25. 25. SS Lootah Group
  26. 26. Emirates Techno Casting</li></li></ul><li>Business Environment in U.A.E.<br />U.A.E. possesses 10% of world’s proven  crude oil  reserves,  which  will  last  for more than 100 years. <br />U.A.E. free trade zones are home to more than 3000 companies with an estimated trade of around US$ 8 billion.<br />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.<br />
  27. 27. Business Environment in U.A.E.<br />No Corporate Tax and Income Tax<br />No Personal Income Tax<br />No foreign exchange controls<br />100% repatriation of capital and profits<br />11 ports and 6 international airports<br />Dubai Internet city - Oracle, IBM, HP, Cisco<br />Dubai media city - bridge to the future, linking the GCC (Gulf Cooperation Council) countries and to the other nations of the world<br />
  28. 28. Business Environment in U.A.E.<br />Booming Sectors in U.A.E.<br />Telecom<br />Electronic Goods<br />Food and Beverage sector<br />Oil and Gas<br />Real Estate<br />Gold and Ornaments<br />
  29. 29. Defense Relations<br />India has been training U.A.E. defense personnel in various disciplines at its specialized institutions. <br />India is participating regularly in all international defense exhibitions (IDEX) organized by the General Exhibitions Corporation of the U.A.E. <br />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. <br />
  30. 30. Defense Relations<br />At the first JDCC Meeting in April 2006, both sides agreed to support defense exhibitions in each country by deputing its platforms and personnel. <br />As a follow up of the meeting of the JDCC in April 2006 several steps were taken<br /><ul><li> Enhance participation in training programmes
  31. 31. Exchange of visits by service Chiefs
  32. 32. Visits of Naval Ships and Coast Guard
  33. 33. Cooperation in defense production industries</li></li></ul><li>Defense Relations<br />In 2006 beginning, two Indian naval ships and two Indian Coast Guard vessels visited UAE. <br />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.<br />The U.A.E. sent its defense officials to the Aero Show in Bangalore in Feb 2007. <br />A 5-member U.A.E. Defence Team visited India to examine Anti Aircraft Gun L-70-40 mm in March 2007. <br />
  34. 34. The Future<br />Recent visit : The president of India visited U.A.E. from 21st to 25th November 2010<br />Agreement on security cooperation, <br /> counter-terrorism and maritime security<br />Specific proposals focusing on education, <br /> science and technology and regional security<br />An important area of cooperation, food security<br />U.A.E. to invest in projects for enhancing agricultural production in India, especially in the area of food processing<br />Labor welfare<br />
  35. 35. The Future<br />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.<br />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. <br />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.<br />
  36. 36. Thank You<br />