3rd Arab-India Partnership Conference issues Abu Dhabi DeclarationMay 23, 2012 - 06:07 -
WAM Abu Dhabi, 23rd May 2012 (WAM) - 3rd Arab-India Partnership Conference called today for setting up Arab-Indian financing institutions in order to facilitate banking transactions and to encourage investments between both parties.
As they discussed the political-cultural and civilization-specific dimension of Arab-Indian ties, the Arab and Indian delegates accentuated the importance of coordinating and unifying the stance of both sides at international gatherings.
At the conclusion of the conference today, the delegates issued the Abu Dhabi Declaration in which they voiced appreciation for India's unshakable stance supportive of both the just cause of the Palestinian people and other Arab issues.
Throughout the business sessions held at the conference, the two sides affirmed the importance of advancing the Arab-India economic relations and of enhancing cooperation between Arab States and India within the context of the Arab-Indian Cooperation Forum.
Arab and Indian businessmen and investors held B2B sessions and discussions which covered investment ventures in prioritized economic sectors of interest to Arab and Indian companies, in addition to concluding contracts for cooperation and partnership for the sake of both increasing the volume of trade and enhancing investment links in various sectors between the two sides.
Being viewed as a key mechanism of the Arab-Indian Cooperation Forum, participants stressed the importance of regularity and continuity of the investment-related Arab-India Partnership Conference on a periodic basis and on rotation between Arab countries and India. Emphasis was placed as well on the necessity of upgrading the forum and widening its modalities. The two sides expressed the importance of promising and encouraging new vistas of co-operation for the Arab-Indian relations and developing a roadmap for streamlining such relations bilaterally and multilaterally.