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.