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India-France-UAE Trilateral Cooperation Initiative

India-France-UAE Trilateral Cooperation Initiative:

India has been increasing its bilateral trade with UAE.

  • With CEPA and the Golden Visa program (extension) of UAE, business relations have increased exponentially.
  • On the other hand, India has strong defence relations with France.
  • From fighter jets to drones, the Indian military is using French-made goods.
  • Extending the ties further, India is launching Trilateral Cooperation Initiative with the countries.
  • Under the initiative, the countries will work together to design and implement “ENERGY PROJECTS”.
  • The projects will be around energy conservation, climate change and the conservation of biodiversity.
  • The main area of focus is the Indian Ocean Region.