This week’s headline features a story from Asia :
Abu Dhabi Crown Prince Sheikh Mohamed Bin Zayed Al Nahyan's visit to India resulted in pivotal agreements between India and UAE on nuclear energy, LNG, agriculture, and mineral supply chains. Key initiatives, such as the Virtual Trade Corridor and IMEEC, has reinforced India-UAE cooperation in global development.
Europe: UK and India launched the UK-India Infrastructure Financing Bridge (UKIIFB) to enhance financial collaboration in sustainable infrastructure, formalized during the 2023 UK Economic and Financial Dialogue. It aims to attract international investments into projects like the Delhi-Meerut transit system and renewable energy.
North America: The US Department of State has partnered with India’s Semiconductor Mission to enhance global semiconductor resilience through the CHIPS Act's ITSI Fund. The initiative supports technological cooperation via INDUS-X, focusing on semiconductors, AI, quantum biotechnology, and Indo-Pacific security advancements.
South America: At the G20 Agriculture Ministerial Meeting (September 12-13, 2024), India, led by Ram Nath Thakur, focused on strengthening agricultural cooperation with Japan, Brazil, the US, and others. Key discussions covered market access, agricultural technology, sustainability, and ethanol production, with plans to finalize an MOU in agricultural cooperation with Brazil.
Asia: Abu Dhabi Crown Prince Sheikh Mohamed Bin Zayed Al Nahyan’s visit to India resulted in key agreements, including civil nuclear cooperation, LNG supply, and oil partnerships. Furthermore, MoUs on agriculture, mineral supply chains, and the India-UAE Virtual Trade Corridor will deepen bilateral ties and global development cooperation.
Australia : Australia has secured a trade agreement with the UAE, boosting exports by $678 million annually and enhancing UAE investments in green energy and critical minerals. This marks the Labor government’s first trade pact since 2022, following stalled EU negotiations.
Africa: China's relationship with Africa has deepened through the Forum on China-Africa Cooperation (FOCAC), with the 2024 summit emphasizing modernization, industrialization, and shared futures. Despite economic concerns, China pledged $51 billion for infrastructure projects, solidifying Africa’s importance in its geopolitical strategy.
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