Abu Dhabi, Dec 4 : India and the UAE Tuesday signed two agreements, including one on currency swap, as External Affairs Minister Sushma Swaraj held exhaustive discussions with her counterpart Abdullah bin Zayed to step up bilateral cooperation in areas like security, defence, counter-terrorism, trade and energy.

Swaraj, who arrived here on Monday on a two-day visit, was received by Abdullah ahead of the UAE-India Joint Commission Meeting here.

"Advancing the Comprehensive Strategic Partnership...EAM @SushmaSwaraj & Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan co-chaired 12th India-UAE #JCM. Held exhaustive discussions on cooperation in energy, security, trade, investments, space, defence & consular, among others," External Affairs Ministry spokesperson Raveesh Kumar tweeted.

This is the 12th session of the India-UAE Joint Commission Meeting for Economic and Technical Cooperation.

"Institutional mechanisms guiding the multifaceted cooperation...Two documents signed during the visit of EAM @SushmaSwaraj to #UAE : Agreement on Currency Swap and MoU for Development Cooperation in Africa," Kumar tweeted.

Currency Swap is such a pact between two countries that allows trading in their own currency and payments to import and export trade at pre-determined exchange rate without bringing in a third benchmark currency like the US dollars.

The second agreement would enable both sides to undertake development projects in Africa.

"Reinforcing the strong bonds of friendship...The ministers looked forward to continuing the trend to strengthen & seek partnership in new areas," Kumar tweeted.

Later, an MEA official said the two leaders discussed several areas of mutual interests including defence, security, counter-terrorism, trade, economic, energy, science and technology, and civil aviation among others.

They identified several new areas of cooperation, the official said.

Following the meeting, the two leaders signed and adopted the agreed minutes of the JCM, Kumar said. Swaraj also called on Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan.

Both the leaders expressed satisfaction at the pace of the bilateral relations in a range of areas, attesting to the two countries comprehensive strategic partnership, Kumar said.

With nearly USD 50 billion bilateral trade, the two countries are one of the largest trade partners for each other and have made robust investments bilaterally. The UAE is the sixth-largest source of Indian oil imports and hosts a 3.3 million-strong Indian community.

Swaraj and Abdullah also jointly inaugurated a digital interactive museum showcasing the life, works and philosophy of Mahatma Gandhi and the founder of modern UAE Shaikh Zayed.

The Gandhi-Zayed Digital Museum, which will promote peace, tolerance and sustainability, is part of the celebrations by the two countries to mark 150th birth anniversary of Mahatma Gandhi and centenary celebrations of the birth of Shaikh Zayed.

Later in the evening, Swaraj interacted with the Indian community and appreciated their contribution in enhancing relations with the UAE.

UAE hosts a 33 lakh-strong Indian community the largest number of Indians outside India.

Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.



Madikeri: The Kodagu district administration has implemented a nighttime ban on vehicular movement along the NH 275 section of Sampaje Ghat, connecting Sampaje to Madikeri, amid fears of potential landslides. The restriction, effective from Thursday, prohibits travel between 8 PM and 6 AM.

This precautionary measure was enacted following a report from the Assistant Executive Engineer of the National Highways Authority of India, Madikeri Sub-Division, highlighting the risk of the hillside near Kartoji on the highway collapsing due to persistent heavy rain. As a result, the Kodagu Deputy Commissioner Venkat Raja issued the order to restrict traffic.

The movement restriction applies to all vehicles except those used by officers and personnel involved in emergency services and natural calamity-related tasks.

ALSO READ: Heavy rains lead to closure of Shirady Ghat section for vehicular movement on NH-75

The Sampaje Ghat section is a vital route for travelers heading to Madikeri, Mysuru, Bengaluru, and Ooty, and it also serves as an alternative path when the Shirady Ghat is closed due to landslides. With the recent landslide near Maranahalli, traffic on the Shirady Ghat section is also banned, adding to the urgency of the situation.

Deputy Commissioner Venkat Raja has advised travelers heading to Mysuru and Bengaluru via Madikeri to use the Charmadi Ghat-Kottigehara route as an alternative.

Get all the latest, breaking news from Karnataka in a single click. CLICK HERE to get all the latest news from Karnataka.