๐ India-Saudi Arabia Relations
โซ๏ธBackground
๐ธVisit of King Abdullah to India in 2006 resulted in signing of โDelhi Declarationโ imparting a fresh momentum to the bilateral relationship. The visit provided the framework for cooperation in all fields of mutual interest.
๐ธThe reciprocal visit by Prime Minister Dr. Manmohan Singh to Saudi Arabia in 2010 raised
the level of bilateral engagement to โStrategic Partnershipโ and the โRiyadh Declarationโ signed during the visit captured the spirit of enhanced cooperation in political, economic, security and defence realms.
๐ธThe visit of Prime Minister Narendra Modi to Riyadh from April 2-3, 2016 could be seen as a taking forward the momentum.
โซ๏ธBackground
๐ธVisit of King Abdullah to India in 2006 resulted in signing of โDelhi Declarationโ imparting a fresh momentum to the bilateral relationship. The visit provided the framework for cooperation in all fields of mutual interest.
๐ธThe reciprocal visit by Prime Minister Dr. Manmohan Singh to Saudi Arabia in 2010 raised
the level of bilateral engagement to โStrategic Partnershipโ and the โRiyadh Declarationโ signed during the visit captured the spirit of enhanced cooperation in political, economic, security and defence realms.
๐ธThe visit of Prime Minister Narendra Modi to Riyadh from April 2-3, 2016 could be seen as a taking forward the momentum.
๐ธ Saudi Arabia today is Indiaโs 4th largest trade partner (after China, USA and UAE) and
๐ธThe value of India Saudi Arabia bilateral trade during 2016-17 decreased to USD 25.079 billion, a slight decrease from USD 26.71 billion in 2015-16, as per figures provided by the Directorate General of Foreign Trade.
๐ธDuring this period, our imports from Saudi Arabia reached USD 19.94 billion, registering a decline of 1.85% over previous year (USD 20.32 billion) whereas our exports to Saudi
Arabia reached USD 5.13 billion registering a decline of 19.70% over previous year (USD 6.39 billion). The current bilateral trade (April-May 2017) is valued USD 4.063 billion.
๐ธSaudi Arabia is the 8th largest market in the world for Indian exports and is destination to more than 1.86% (2016-17) of Indiaโs global exports. On the other hand, Saudi Arabia is the source of 5.19% (2016-17) of Indiaโs global imports.
๐ People to People ties between India and and Saudi Arabia
๐ธ The 3.2 million strong Indian community in Saudi Arabia is the largest expatriate community in the Kingdom and is the โmost preferred communityโ due to their expertise,
sense of discipline, law abiding and peace loving nature.
๐ธ Saudi Arabia continues to be among the most preferred destinations for Indians seeking jobs abroad, resulting in the Gulf kingdom becoming among the highest sources of remittances to India, according to official data. According to figures provided by the Embassy of India in Riyadh, the number of expatriate Indians in Saudi Arabia increased from 3,039,193 in March 2017 to 3,253,901 in October 2017, a rise of over 200,000 within seven months.
๐ธHowever, there are issues pertaining to employment and living conditions, that the two countries engage in to resolve bilaterally
๐ธAgreement on Labour Cooperation for Domestic Service Workers Recruitment, was signed in 2014.
๐ธ The 3.2 million strong Indian community in Saudi Arabia is the largest expatriate community in the Kingdom and is the โmost preferred communityโ due to their expertise,
sense of discipline, law abiding and peace loving nature.
๐ธ Saudi Arabia continues to be among the most preferred destinations for Indians seeking jobs abroad, resulting in the Gulf kingdom becoming among the highest sources of remittances to India, according to official data. According to figures provided by the Embassy of India in Riyadh, the number of expatriate Indians in Saudi Arabia increased from 3,039,193 in March 2017 to 3,253,901 in October 2017, a rise of over 200,000 within seven months.
๐ธHowever, there are issues pertaining to employment and living conditions, that the two countries engage in to resolve bilaterally
๐ธAgreement on Labour Cooperation for Domestic Service Workers Recruitment, was signed in 2014.
๐ Security status between India and Saudi Arabia
๐ธThe 2010 Riyadh Declaration has been termed as โa new era of strategic partnershipโ between the two countries. The visit of Prime Minister Narendra Modi to Riyadh from April 2-3, 2016 could be seen as a taking forward the momentum in Indiaโs growing engagement with the Kingdom of Saudi Arabia, which has taken an upward strategic direction.
๐ธTerrorism is an important issue on which cooperation between India and Saudi Arabia is crucial. Collaborating with each other in combating terrorism has become necessary
keeping in view the transnational nature of terrorist funding, operation and ideology.
๐ธ In 2015 the Saudis deported Abu Jundal, who was wanted in the 26/11 Mumbai attacks,making counter terrorism a key area of cooperation between the two countries.
๐ธ The visit of A. K. Antony to Saudi Arabia on February 13-14, 2012 was the first ever visit by an Indian Defence Minister to the Kingdom
๐ธThe 2010 Riyadh Declaration has been termed as โa new era of strategic partnershipโ between the two countries. The visit of Prime Minister Narendra Modi to Riyadh from April 2-3, 2016 could be seen as a taking forward the momentum in Indiaโs growing engagement with the Kingdom of Saudi Arabia, which has taken an upward strategic direction.
๐ธTerrorism is an important issue on which cooperation between India and Saudi Arabia is crucial. Collaborating with each other in combating terrorism has become necessary
keeping in view the transnational nature of terrorist funding, operation and ideology.
๐ธ In 2015 the Saudis deported Abu Jundal, who was wanted in the 26/11 Mumbai attacks,making counter terrorism a key area of cooperation between the two countries.
๐ธ The visit of A. K. Antony to Saudi Arabia on February 13-14, 2012 was the first ever visit by an Indian Defence Minister to the Kingdom
๐ Recent Momentum In Relations of India-UAE
๐ธThe visit Prime Minister of India to UAE on 16-17 August 2015 marked the beginning of a new comprehensive and strategic partnership.
๐ธSheikh Mohammed bin Zayed Al Nahyan, crown prince of Abu Dhabi and deputy supreme commander of the UAE armed forces, visited India twice โ once in February 2016 and then as chief guest at the Republic Day celebrations in 2017.
๐ธP.M. Modi visited UAE in February 2018. This was his second visit to the UAE, which has emerged as a key strategic partner of India. After their talks, the two sides signed five agreements related to energy sector, railways, manpower and financial services.
๐ธThe visit Prime Minister of India to UAE on 16-17 August 2015 marked the beginning of a new comprehensive and strategic partnership.
๐ธSheikh Mohammed bin Zayed Al Nahyan, crown prince of Abu Dhabi and deputy supreme commander of the UAE armed forces, visited India twice โ once in February 2016 and then as chief guest at the Republic Day celebrations in 2017.
๐ธP.M. Modi visited UAE in February 2018. This was his second visit to the UAE, which has emerged as a key strategic partner of India. After their talks, the two sides signed five agreements related to energy sector, railways, manpower and financial services.
๐ Strategic Partnership between India and UAE
๐ธIndia and UAE signed an agreement to upgrade the relations to Comprehensive Strategic Partnership, apart from 13 other MoUs, in 2017.
๐ธ the first Strategic Dialogue meeting between the two Foreign Offices was held in New Delhi on January 20, 2017. The second Meeting took Place in October 2017 in Abu Dhabi
๐ธ India and UAE see each other as important players in maintaining peace and stability in their respective regions and have reinforced their partnership in countering terrorism,combating radicalization and preventing terror finance through intelligence sharing and close contacts between their National Security Councils.
๐ธIndia and UAE signed an agreement to upgrade the relations to Comprehensive Strategic Partnership, apart from 13 other MoUs, in 2017.
๐ธ the first Strategic Dialogue meeting between the two Foreign Offices was held in New Delhi on January 20, 2017. The second Meeting took Place in October 2017 in Abu Dhabi
๐ธ India and UAE see each other as important players in maintaining peace and stability in their respective regions and have reinforced their partnership in countering terrorism,combating radicalization and preventing terror finance through intelligence sharing and close contacts between their National Security Councils.
๐ Key areas to Work on
๐ธUAE also has the large sovereign wealth fund that India IS looking for investments. There is an agreement that UAE will invest nearly $75 billion in India over the next few years
๐ธ In 2017, the Abu Dhabi Investment Authority became the first institutional investor in the National Investment and Infrastructure Fundโs Master Fund, with an investment of $1 billion.
๐ธ In January 2018 Dubai Ports (DP) World, the top port operator in the United Arab Emirates (UAE), announced that has partnered with NIIF to invest in India's infrastructure projects.
๐ธUAE also has the large sovereign wealth fund that India IS looking for investments. There is an agreement that UAE will invest nearly $75 billion in India over the next few years
๐ธ In 2017, the Abu Dhabi Investment Authority became the first institutional investor in the National Investment and Infrastructure Fundโs Master Fund, with an investment of $1 billion.
๐ธ In January 2018 Dubai Ports (DP) World, the top port operator in the United Arab Emirates (UAE), announced that has partnered with NIIF to invest in India's infrastructure projects.
๐ India-Iran Relations
โฝ Background
๐ธ India-Iran relations span millennia marked by meaningful interactions. The two countries shared a border till 1947 and share several common features in their language, culture and traditions.
๐ธ Independent India and Iran established diplomatic links on
March 15, 1950. In addition to the Embassy in Tehran, India has two Consulates in Iran, one in Bandar Abbas and other in Zahedan.
๐ธ In recent times Iran has emerged as a key location for Indiaโs
connectivity initiatives for Afghanistan and Central Asia.
๐ธThus, connectivity, commerce, culture, and energy are key pillars of India Iran relation in the current context.
โฝ Background
๐ธ India-Iran relations span millennia marked by meaningful interactions. The two countries shared a border till 1947 and share several common features in their language, culture and traditions.
๐ธ Independent India and Iran established diplomatic links on
March 15, 1950. In addition to the Embassy in Tehran, India has two Consulates in Iran, one in Bandar Abbas and other in Zahedan.
๐ธ In recent times Iran has emerged as a key location for Indiaโs
connectivity initiatives for Afghanistan and Central Asia.
๐ธThus, connectivity, commerce, culture, and energy are key pillars of India Iran relation in the current context.
๐ Recent Momentum In Relations of India and Iran
๐ธThe trend was enhanced at the turn of the millennium with the visit of Prime Minister Shri Atal Bihari Vajpayee to Tehran in April 2001 wherein the two countries signed the โTehran Declarationโ which set forth the areas of possible cooperation between the two countries.
๐ธ President Mohammad Khatami visited India from January 24-28, 2003 as the Chief Guest at the Republic Day parade. Both sides signed โThe New Delhi Declarationโ which set forth the vision of strategic partnership between India and Iran.
๐ธ Prime Minister Dr. Manmohan Singh visited Iran to attend the 16th NonAligned Movement (NAM) Summit held in Tehran from August 28-31, 2012.
๐ธ Prime Minister Shri Narendra Modi paid a bilateral visit to Iran from May 22- 23, 2016. 12 MoUs/Agreements were signed between India and Iran.
๐ธThe trend was enhanced at the turn of the millennium with the visit of Prime Minister Shri Atal Bihari Vajpayee to Tehran in April 2001 wherein the two countries signed the โTehran Declarationโ which set forth the areas of possible cooperation between the two countries.
๐ธ President Mohammad Khatami visited India from January 24-28, 2003 as the Chief Guest at the Republic Day parade. Both sides signed โThe New Delhi Declarationโ which set forth the vision of strategic partnership between India and Iran.
๐ธ Prime Minister Dr. Manmohan Singh visited Iran to attend the 16th NonAligned Movement (NAM) Summit held in Tehran from August 28-31, 2012.
๐ธ Prime Minister Shri Narendra Modi paid a bilateral visit to Iran from May 22- 23, 2016. 12 MoUs/Agreements were signed between India and Iran.
๐ Economy: Energy Trade between India and Iran
๐ธIndia-Iran commercial ties have traditionally been dominated by Indian import of Iranian crude oil.
๐ธ India is the second largest buyer of Iranian crude after China and Iran was the third largest supplier of crude to India (April-Sep 2016).
๐ธ The India-Iran bilateral trade during the fiscal year 2015-16 was USD 9.054 billion. India imported USD 6.2 billion worth of goods mainly crude oil and exported commodities worth USD 2.7 billion.
๐ธ Major Indian exports to Iran include rice, tea, iron and steel, organic chemicals, metals, electrical machinery, drugs/pharmaceuticals, etc.
๐ธ Major Indian imports from Iran include petroleum and its products, inorganic/organic chemicals, fertilizers, plastic and articles, edible fruit and nuts, glass and glassware etc.
๐ธIndia-Iran commercial ties have traditionally been dominated by Indian import of Iranian crude oil.
๐ธ India is the second largest buyer of Iranian crude after China and Iran was the third largest supplier of crude to India (April-Sep 2016).
๐ธ The India-Iran bilateral trade during the fiscal year 2015-16 was USD 9.054 billion. India imported USD 6.2 billion worth of goods mainly crude oil and exported commodities worth USD 2.7 billion.
๐ธ Major Indian exports to Iran include rice, tea, iron and steel, organic chemicals, metals, electrical machinery, drugs/pharmaceuticals, etc.
๐ธ Major Indian imports from Iran include petroleum and its products, inorganic/organic chemicals, fertilizers, plastic and articles, edible fruit and nuts, glass and glassware etc.
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